WOW!!! What an eye-opening vid!!! Awesome mate, You are so consistent with your videos! I very much appreciate your genuine content. It’s a testament to the character you represent. Adriana Jensen at being a great teacher and human being! I know that I have learned so much from you in the last few months. You helped me ask & answer a very important question..."What are your crypto convictions?" This question alone really has provided a healthy foundation to build off of. I've been in crypto for almost 4 years...and I have found so much value in your content. Thank You!
It really helped trading with Adriana Jensen analysis and info, even with the market in a downward trend. Definitely riding the market wave is a good perspective..
God, I love the Internet. Guy in a t-shirt without even a mic boom lecturing the BIS from his living room on how their steering committee should treat tiered assets. Awesome boldness, bro.
@@keiranpayne-linforth9822 No if the information was actually FACT based it would be more credible. But, XRP holders don't like FACTS, they like what if's..lol
The 1% limit is designed so that no one bank or group of banks becomes hodlers. It's a good thing that they can't buy up all the XRP, there's still nothing stopping them from operating as desired with trillions worth of transactions on the XRPL and then complying at the end of the business day and reducing their balance sheet back to 1%.
I think you are misunderstanding the process of future digital FX. The use of AMM's, liquidity pools in conjunction with stable-coins will allow banks to transfer assets without having to hold XRP at all. Therefore the only criteria for the price of XRP is for it to be large enough to handle ALL THE MONEY! and is not restricted by XRP being a cat 2 asset if in fact it is.
Absolutely agree. All efficient businesses want the best return on capital. Locking capital into an asset that they could otherwise lease as needed would make a bank less profitable
@@MaxPower-jc9os Seven years ago Miguel Vias, Ripple’s liquidity czar said Ripple would lease their escrow. He said “a nice little revenue stream….one day”. And then when FTX filed for bankruptcy, it was revealed how many coins it owned…. but lo-n-behold, they had $10 million of LEASED XRP. So the only problem is Ripple selling hundreds of millions of XRP every month doesn’t support the leasing theory.
@@tz6516XRP has been tested at 50k TPS and claims it can do 71k TPS and that’s old news, based on newer computer systems now it for sure will do way more than 1500k TPS on chain and 71k TPS off chain on the XRPL. Plus if you really look at the XRP technology it’s much more than that because it will scale in blocks,the test was done on a 1 x Intel Xeon 3+ GHz processor with 4 cores and hyperthreading enabled. 32GB RAM that’s super slow except for the gigabit internet this test was done in 2011, now you can get 10 Gbps and way more powerful workstations so that’s going to make a huge difference! And another reason why it will be able to handle all the payments without clogging up the system is Payment Channels this is an advanced feature for sending "asynchronous" XRP payments that can be divided into very small increments and settled later.
This seems like the worst period.Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Alice Devion
She is my family' personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
Its good to see you come back to the roots of the core Utility case of XRP. Its all about to be THE bridge currency of the future financial system. Thats what made me to invest in XRP. Its value must and will be very high to act stable. Keep on doing your impressive contest.
That is all rubbish. BTC has a high value and it is no less volatile, no more stable, than XRP over a given hour or day. Bridges are a hackers candy. Bridges are too vulnerable…and are being replaced by interoperability. Stable coins will move most value. So called utility tokens will go to zero if they don’t find a niche. Hence, Ripple sells XRP by the boatload, and is building a stable coin and CBDCs. Stop believing these influencers.
This is an interesting topic, and within this month and last month, you already know that the dramatic saga of FIT21 and SAB121 is to be passed through the US Senate and Congress. From my knowledge, the percentage of digital assets a Bank can hold by the BIS classification of crypto-assets conflicts with that of FIT21 and SAB121. The US Banking sector is already in harmonization with the BIS (globaly) and is often in compliance. The Treasury will use FIT21 and SAB121 by selecting winners and losers.
I really wish people would understand this. XRP price will always fluctuate a little because of retail speculation. In the next few cycles it will be business as usual. The price will become less volatile as volume goes up on whole. Banks and financial institutions are in business to make money through fee’s. XRP and others will be used in the super dex and the amm and evm hooks will be used to create liquidity corridors for the exchange and settlement of transactions and eventually transfer of tokenized assets. This will generate YIELD (fee’s). Nobody knows when this will become a reality. XRP is a layer 1 protocol where yield is generated and all liquidity is tied together. To participate in this new system XRP must be locked in an AMM. Locked coins means more demand, more demand means higher price. Banks will adapt to this or die.
@@cqc2238 “Locked” would mean less supply, not more demand. But the reality is, this whole space is going to stable coins. Hence, Ripple is selling XRP by the boatloads, and building a stable coin (RLUSD) and anti-citizen CBDCs.
Hi Lewis. All banks can invest more than 1% of their holdings in Crypto, BECAUSE, if they buy ETF's it's an investement in a finacial asset that is different from a direct investment in Crypto on a randon Exchainge. (I hope you understand my poor English)😮
It would be helpful if you could make a video explaining how XRP relates to public and private XRPL and the Ripple CDBC platform. I'm very confused. I don't know if XRP is necessary or not in any of these 3 solutions and how that could affect the future price or not. Thank you.
I thin banks will end up holding Ripple stablecoin. It is in Group1 and there is no hold limit there. They can then use that to quickly buy XRP using ODL from a liquidity provider that holds xrp. Banks will send that XRP to the destination bank, which will then sell XRP for their local currency. Thoughts?
Is the 1% rule currently active and required or just a recommendation at this time? Just thinking that if it's not required (right now) then they can hold say 10% and as price rises they sell into a rising market. They sell as price goes up to reduce the holding from 10% down to 1% in time for the rule to take effect and at the same time the price hits the 'agreed' upon price e.g. the $10,000 that everyone seems to think will happen. Selling into the rising market gives them a war chest to then buy XRP should its price fall maintaining a stable but high price and the 1% level.
Lewis, you've still got it wrong - banks don't want/need XRP but they need access to it. It's a more efficient business model. Why do you think that the industry is heading towards custodians and liquidity providers? For example, banks avoid owning the buildings for their branches and lease instead. Banks might decide to expand into being custodians ...
xrp is a cash equivalent. Especially when used as a bridge currency. When the BIS sets the price to handle EVERYTHING. It should be classified as a tier one asset.
The power of XRP is like a high-speed promissory note; nothing currently works at this speed. It is an ancient process designed for the 21st century. ergo huge value once they turn it all on.
There is a major problem with the idea XRP will become that bridge asset adopted by banks in place of foreign currencies. The fact is if XRP needs a higher valuation, however to get to that valuation it will then be seen as a volatile asset not stable enough to replace stable currencies. You are hoping it becomes the very thing that will destroy it. XRP will never be that replacement. The characteristic that would make it that replacement is the very thing that will also destroy it as one.
So if you move the cap up to 2% and that equals a Max of 20 coins then that would mean that the coin would now only need to be 50,000, so the higher the cap percentage allowed for big Banks to have; the less value the coin would have.
Right, institutions would be holding XRP as a utility asset to facilitate transactions rather than be held solely as an investment limited by the 1% rule.
My understanding is that you could not just hold XRP and convert it to any currency unless you’re taking that currency away from a reserve? So if they just hold XRP and convert it to a Euro then where are they taking Euro away from?
Your analogies are dreadful! Saying doge and XRP are the same is not like saying a car wheel and leaf are the same. Doge and XRP are at least both crypto currency, and to someone who doesn't know about crypto, they could be considered the same. But even someone who doesn't know about cars or nature can still easily tell a car wheel from a leaf! It would be more like saying a car wheel and skateboard wheel are the same because they are both wheels. But clearly they are very different, like doge and XRP!
@@geireidskrem9258 do you not think if a person is trying to educate others they should at least be accurate? Or are you a firm believer in mediocrity?
@@harrywhoudini9013I think he was just talking off the top of his head with the analogy and just kind of fumbled not wanting to take too long on it, human error he knows that wasn’t the best analogy. 😂😂😂😂 but the point is hopefully we understood where he was trying to go, u did and I did, maybe someone didn’t but I think most of us did.
@@passportpapi713 A fair assessment! My intention is only to try and improve standards. I feel if I can help improve the standards of a person from whom others are learning, it may be to the benefit of many! It's why I didn't just say " You're analogy sucks!" I actually explained why and gave a better example. Hopefully Lewis will just give a little deeper thought to the accuracy of his future presentations.
Yeah thats the goal. Depending on how high XRP becomes after this court-case, i'll take enough profit to be able to chill for a while and it will give us enough time to see UTILITY kick in! Then in the future we can talk about different avenues for passive income! 😂🔥
I think both you and your friend could be onto something... If it is a "group 2" asset then it can replace all the international currencies like he said, but as YOU mentioned, it would have to be at a higher rate. It can do both if only 1% is allowed then it must be worth more
Well if you could get Ripple to not be the escrow owner then you have something . The holders would be bought out only if it’s cheaper than duplicating the bridging framework .
it also means these banks could just hold all of their own assets in whatever denomination works best for their customers, and whenever they wanted to move it somewhere, they could use xrp to swap it for whatever your customers want to swapped to. doge could easily do what xrp does, just saying
Follow me on this: with Ripple's on-demand liquidity, why would banks even need to hold XRP? Like, if Bank A in the US wants to send money to Bank B in Japan, they would just buy XRP with USD, send that XRP to Bank B, and then Bank B would sell it for Japanese Yen. So, why would they need to hold XRP in the first place? I think liquidity providers will be the ones holding XRP not banks. Also, if banks are just buying and selling the same amount of XRP for these cross-border payments, how is that going to make the price go up? But, I personally still think that an increase in the volume of transactions can lead to higher demand for XRP, which can drive up its price.
@@RC-hn5yd Read about illiquidity and slippage. Read about Ripple paying MoneyGram millions of $ each quarter due to XRP/ODL slippage. XRP liquidity is so bad that in many corridors ODL was using BTC or Tether, not XRP. Remember, liquidity is more important than high fees or slow transactions. El Salvador could have chose any of the 25,000+ cryptos. They chose BTC because it has the best worldwide liquidity. Here is the Ripple CEO saying you do need the equivalent of Nostro/Vostro with XRP remittances. "Ripple has actually throttled that growth because one of the things that's important when using ODL is you have to have good liquidity on both sides of the transaction. And so, if XRP doesn't have enough liquidity in the marketplace, (then) you can't put as much demand through." Brad Garlinghouse (Aug 2020)
I'm not sure about the first question but for the second question, a small amount of xrp is burned or taken out of the circulation every transaction which should increase the price
@@cherub0nyx There are 100 billion XRP. In the twelve years of existence only 200 million XRP have been burned. That is minuscule. Ripple sells that much every month and influencers say those sales have no effect on price. So burning that much over a decade obviously has no effect.
@@cherub0nyx I think the handwriting is on the wall. Stable coins are going to dominate the eco system. Only a few non-stable tokens will survive …if they can find a profitable niche. Interoperability will send bridge currencies to the rubbish bin of crypto history. Ripple thinks so too…. they sell XRP by the truckload and are building a stable coin (RLUSD) and anti-citizen CBDCs. Don’t listen to what Ripple says, watch what they do.
Why would a country hold XRP when they have a local stable coin which could be used cross border using ripples option to use xrp but without actally having to hold it remember it only takes 3 seconds and the xrp is able to be used again. I really dont see the use of any country holding XRP when it has its own stable coin and
Let's say that the 1% cap is equal to 10 xrp, if the bank has to move a million dollars a day then that would mean that xrp would have to be a minimum of $100,000 a coin or else it won't work.
The money to be made.... is in USD Ripple and all the other xrp/currency pairs. USDT makes billions.... ripple certainly will be cracking that market.... can you imagine reasons why ripple would start buying xrp and increase positional holdings of xah and evr. And I'm not even going to talk about ripple stock action. I think once the USD Ripple ball is rolling, it's an amazing turn of events few can comprehend. Im glad I am aware of Xrp. I know the smart contract sidechains Xah and Evr will be along for the ride.
Can you please share the names of all your teammates who are potentially going to be on the phone talking to us ? We need to do our own due diligence before getting financial advice from any strangers. Thanks Lewis.
I think once this case is closed, interest will increase, movement towards $1 will hopefully occur by the end of this year. The increased noise around XRP will drive further but instead by those people who have stayed out for so long. And we imagine it's to the moon from there🎉
Banks will not hold xrp in my opinion, instead they will make use of the odl product and thus the liquidity which will come from perhabs three gigantic liquidity pools which yet have to emerge. Banks will hold several stable coins like RLUSD by ripple and others like USDC for example. XRP/XRPL / Ripple NET is used as the backbone of these liquidity pools.
First "problem" banksters would not give up that easy money FEES, transaction FEES. Second thing if XRP would get adopted, the small retailers(holders) would be Banned(they would make some laws/rules eventually. Third thing is : can someone explain to me if 1bank wants to transfer 1 million$ to another bank with different currency, they would have to buy 1 million xrp(if is 1xrp/1$ for example)?? I watch so many many videos, and no one knows what would happend, what can happend, it all speculations.
Quincy jones said & I quote “no one knows, & if they say they do they are lying” imm listen to him b4 anyone else why , cuz he in the loop with them not one of the tubers are in works with any X coin developer
Well the developers of xrp said it’s designed for 10k per coin. Not saying that’s going to be the price bc nobody knows where it will stop, BUT!! 10k is what it was designed to handle.
Just an idea... A bridge asset is always fully backed (for the duration of the transaction) by the sender's currency until it is redeemed by the recipient. Cat 1?
Read up on illiquidity and slippage. Read about what MoneyGram learned from its XRP usage. Then you will do what Ripple does….sell boatloads of XRP every month.
Now you’re talking But this isn’t new information You’re just putting it together with clarity now Yes the institutions have XRP in their carts ready to hit “buy now “ Which they can’t do until there is legal clarity The NDA’s are also key No one can know where this is going Except those who can take an educated “guess” Good correction to last video 👌🏻
Hehehe MoneyGram couldn’t make XRP work. Stop listening to these influencers. Ripple sells XRP by the boatload. Why would they do that if XRP was going to “high value”?? Watch what they do, and use common sense.
Ha Ha! If you look at my comment in your previous video about his. I actually highlighted the necessity for XRP to require a high valuation to make large transactions otherwise you would need a huge volume of XRP to make transactions when dealing in millions/billions!
@Lewis-Jackson-TeachesCrypto I guess we are talking about crypto and your reply is a bit cryptic 😂 Are you talking about valuations? I was simply quoting another XRP UA-camr, he mentioned 500, moving up to a 1000 (I think) to be of any utility, from there it is pie in the sky. I guess it will be very reliant on large scale adoption by banks and institutions. By the way, I have found your videos very useful. I am by no means an expert but I am getting a much better understanding of the whole echo system. Yes, my wife does not understand!🤣🤣🤣
I've enjoyed your content for a couple of years - and it's not an easy thing you do. But in recent months you have become confusing. With respect to your last video, i may be wrong but you presented the 1% figure as a solid thing - without attaching any documentation. Now, in this video you start off by saying that the BIS 'suggests' the 1% figure. This has a very different connotation to what was presented in the previous video. With this, you are creating confusion, not clarity. Further, in the future, when you present evidence, please make available the link to the documentation.
@@LewisWJackson Thank you for that but, in my view, you should provide that in the description. And being the technician you are, it would be good for you to show the text from the document that you are speaking off. I've spent 3 minutes perusing this doc and found this: 60.117 A bank’s total exposure to Group 2 cryptoassets should not generally be higher than 1% of the bank’s Tier 1 capital and must not exceed 2% of the bank’s Tier 1 capital. So, it may be a small point, but it's not 1% as presented. Further, you didn't respond to my questioning the shift from the first video, in which you laid out 1% as if it were carved in stone, and in this video where you say the BIS 'suggests'. Also, it isn't clear to me in reading this doc whether XRP cannot in some circumstances be considered a Group 1 cryptoasset, as it says: "Classification condition 1 60.8 Classification condition 1: The cryptoasset is either: (i) a tokenised traditional asset; or (ii) has a stabilisation mechanism that is effective at all times in linking its value to a traditional asset or a pool of traditional assets (ie reference asset(s)). 60.9 Tokenised traditional assets will only meet classification condition 1 if they satisfy all of the following requirements: (1) They are digital representations of traditional assets using cryptography, DLT or similar technology to record ownership..." Question for you: Isn't the XRP Ledger, in part at least, meant to be a repository for "tokenized traditional assets" with XRP being a "digital representations of traditional assets" - and in that sense is it not a Group 1 cryptoasset? Thanks!
@@BigcountryReactions second question is when it grow up to $ xx K per coin - Is it worth to cash out? Maybe it will be better having xrp than normal cash made because of xrp
![[UA] NAVI vs MOUZ | BO5 | IEM Rio 2024](http://i.ytimg.com/vi/CMBYk0cbGoA/mqdefault.jpg)
WOW!!! What an eye-opening vid!!! Awesome mate, You are so consistent with your videos! I very much appreciate your genuine content. It’s a testament to the character you represent. Adriana Jensen at being a great teacher and human being! I know that I have learned so much from you in the last few months. You helped me ask & answer a very important question..."What are your crypto convictions?" This question alone really has provided a healthy foundation to build off of. I've been in crypto for almost 4 years...and I have found so much value in your content. Thank You!
Thanks for keeping it light and real at the same time. Much needed for us traders in times like these..
Adriana Jensen program is widely available online..
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
It really helped trading with Adriana Jensen analysis and info, even with the market in a downward trend. Definitely riding the market wave is a good perspective..
These comments are really encouraging and I will be contacting her after work today about her signals.
God, I love the Internet. Guy in a t-shirt without even a mic boom lecturing the BIS from his living room on how their steering committee should treat tiered assets. Awesome boldness, bro.
All jokes aside, that actually IS the beauty of the Internet. I've learned a lot of valuable information/insight from some unsuspecting characters. 😊
Yeah right, that book is BS and have no value information on it, because it's cover is dirty😊
I suppose if he was wearing a suit and was lecturing in a university hall, his information would be more credible right!
@@keiranpayne-linforth9822 No if the information was actually FACT based it would be more credible. But, XRP holders don't like FACTS, they like what if's..lol
The 1% limit is designed so that no one bank or group of banks becomes hodlers. It's a good thing that they can't buy up all the XRP, there's still nothing stopping them from operating as desired with trillions worth of transactions on the XRPL and then complying at the end of the business day and reducing their balance sheet back to 1%.
I think you are misunderstanding the process of future digital FX. The use of AMM's, liquidity pools in conjunction with stable-coins will allow banks to transfer assets without having to hold XRP at all. Therefore the only criteria for the price of XRP is for it to be large enough to handle ALL THE MONEY! and is not restricted by XRP being a cat 2 asset if in fact it is.
Word salad.
XRPL is old tech.
It cannot scale to even satisfy Tranglo.
“ALL THE MONEY” is bat-crazy XRP hopium.
Absolutely agree. All efficient businesses want the best return on capital. Locking capital into an asset that they could otherwise lease as needed would make a bank less profitable
@@MaxPower-jc9os
Seven years ago Miguel Vias, Ripple’s liquidity czar said Ripple would lease their escrow.
He said “a nice little revenue stream….one day”.
And then when FTX filed for bankruptcy, it was revealed how many coins it owned….
but lo-n-behold, they had $10 million of LEASED XRP.
So the only problem is Ripple selling hundreds of millions of XRP every month doesn’t support the leasing theory.
@@tz6516old tech, 😂😂😂 yeah because Ripple invested hundreds of millions into something that will never be utilised.
@@tz6516XRP has been tested at 50k TPS and claims it can do 71k TPS and that’s old news, based on newer computer systems now it for sure will do way more than 1500k TPS on chain and 71k TPS off chain on the XRPL. Plus if you really look at the XRP technology it’s much more than that because it will scale in blocks,the test was done on a 1 x Intel Xeon 3+ GHz processor with 4 cores and hyperthreading enabled.
32GB RAM that’s super slow except for the gigabit internet this test was done in 2011, now you can get 10 Gbps and way more powerful workstations so that’s going to make a huge difference! And another reason why it will be able to handle all the payments without clogging up the system is Payment Channels this is an advanced feature for sending "asynchronous" XRP payments that can be divided into very small increments and settled later.
Didnt even watch whole video yet..they are giving us a headstart!
This seems like the worst period.Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024?
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Alice Devion
She is my family' personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
I'm a born Alice but sometimes I feel so down of myself because of low finance but I still believe in God.
I will leave her info below this comment..
I know nothing about trading/ Investing and I'm keen on getting started . What are some strategies to get started with ?
As a beginner, it's essential for you to have a mentor to keep you accountable.
I'm guided by a widely known crypto consultant
Mrs Annette Gina
This is correct, Annette Gina strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started.
Isn't that the same Annette Gina that my neighbours are talking about, she has to be a perfect expert for people to talk about her so well
Hit 200k today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in January
I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance
She's my family personal Broker and also a Broker to many families here in the United states, she is a licensed Broker.
😱Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!
I'm not here to converse for her but to testify just for what I'm sure of, she's trustworthy and best option ever seen.
She is active on the
TE LE GRAM
Its good to see you come back to the roots of the core Utility case of XRP. Its all about to be THE bridge currency of the future financial system. Thats what made me to invest in XRP. Its value must and will be very high to act stable. Keep on doing your impressive contest.
That is all rubbish.
BTC has a high value and it is no less volatile, no more stable, than XRP over a given hour or day.
Bridges are a hackers candy. Bridges are too vulnerable…and are being replaced by interoperability.
Stable coins will move most value.
So called utility tokens will go to zero if they don’t find a niche.
Hence, Ripple sells XRP by the boatload, and is building a stable coin and CBDCs.
Stop believing these influencers.
It would be the right thing to do now from Ripple to actually come out and tell the holders what the long term plan is
This is an interesting topic, and within this month and last month, you already know that the dramatic saga of FIT21 and SAB121 is to be passed through the US Senate and Congress. From my knowledge, the percentage of digital assets a Bank can hold by the BIS classification of crypto-assets conflicts with that of FIT21 and SAB121. The US Banking sector is already in harmonization with the BIS (globaly) and is often in compliance. The Treasury will use FIT21 and SAB121 by selecting winners and losers.
Xrp taking on tokenisation and derivatives ain’t happening with only 1% institutional involvement that’s for sure. Great work mate. 💪👊
I really wish people would understand this. XRP price will always fluctuate a little because of retail speculation. In the next few cycles it will be business as usual. The price will become less volatile as volume goes up on whole. Banks and financial institutions are in business to make money through fee’s. XRP and others will be used in the super dex and the amm and evm hooks will be used to create liquidity corridors for the exchange and settlement of transactions and eventually transfer of tokenized assets. This will generate YIELD (fee’s). Nobody knows when this will become a reality. XRP is a layer 1 protocol where yield is generated and all liquidity is tied together. To participate in this new system XRP must be locked in an AMM. Locked coins means more demand, more demand means higher price. Banks will adapt to this or die.
@@cqc2238
“Locked” would mean less supply, not more demand.
But the reality is, this whole space is going to stable coins.
Hence, Ripple is selling XRP by the boatloads, and building a stable coin (RLUSD) and anti-citizen CBDCs.
energy flows where focus goes. (hocus pocus focus)
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Hi Lewis. All banks can invest more than 1% of their holdings in Crypto, BECAUSE, if they buy ETF's it's an investement in a finacial asset that is different from a direct investment in Crypto on a randon Exchainge. (I hope you understand my poor English)😮
It would be helpful if you could make a video explaining how XRP relates to public and private XRPL and the Ripple CDBC platform. I'm very confused. I don't know if XRP is necessary or not in any of these 3 solutions and how that could affect the future price or not. Thank you.
OOOORRRRR you back XRP with gold and make it a category 1 assett!!!! 😎😎
I thin banks will end up holding Ripple stablecoin. It is in Group1 and there is no hold limit there. They can then use that to quickly buy XRP using ODL from a liquidity provider that holds xrp. Banks will send that XRP to the destination bank, which will then sell XRP for their local currency. Thoughts?
Excellent discussion and I like they way you can get challenged use critical thinking to move the subject along. Thank you
The 1% cap is what is going to drive the price of xrp to high numbers,
Oh man! Make it make sense! Great explanation
So could the banks not just use the ODL on the XRPL to meet their requirements and still bring that value on chain?
Is the 1% rule currently active and required or just a recommendation at this time? Just thinking that if it's not required (right now) then they can hold say 10% and as price rises they sell into a rising market. They sell as price goes up to reduce the holding from 10% down to 1% in time for the rule to take effect and at the same time the price hits the 'agreed' upon price e.g. the $10,000 that everyone seems to think will happen. Selling into the rising market gives them a war chest to then buy XRP should its price fall maintaining a stable but high price and the 1% level.
It’s time!
Just can’t wait what you will come up with from your previous video 🤦🏻♂️😅
Lewis, you've still got it wrong - banks don't want/need XRP but they need access to it. It's a more efficient business model. Why do you think that the industry is heading towards custodians and liquidity providers? For example, banks avoid owning the buildings for their branches and lease instead. Banks might decide to expand into being custodians ...
Nice video Lewis. Thank you sir.
xrp is a cash equivalent. Especially when used as a bridge currency. When the BIS sets the price to handle EVERYTHING. It should be classified as a tier one asset.
Will the USD be affected if all banks trade with XRP as an intermediate. Wouldnt america try to prevent it if it would.
Just keeping one currency in the banks makes sense.
That's right!!
The power of XRP is like a high-speed promissory note; nothing currently works at this speed. It is an ancient process designed for the 21st century. ergo huge value once they turn it all on.
There is a major problem with the idea XRP will become that bridge asset adopted by banks in place of foreign currencies. The fact is if XRP needs a higher valuation, however to get to that valuation it will then be seen as a volatile asset not stable enough to replace stable currencies. You are hoping it becomes the very thing that will destroy it. XRP will never be that replacement. The characteristic that would make it that replacement is the very thing that will also destroy it as one.
So if you move the cap up to 2% and that equals a Max of 20 coins then that would mean that the coin would now only need to be 50,000, so the higher the cap percentage allowed for big Banks to have; the less value the coin would have.
Right, institutions would be holding XRP as a utility asset to facilitate transactions rather than be held solely as an investment limited by the 1% rule.
My understanding is that you could not just hold XRP and convert it to any currency unless you’re taking that currency away from a reserve? So if they just hold XRP and convert it to a Euro then where are they taking Euro away from?
Thanks Lewis. Instead of saying currency or asset, use the word, "Value", asset, currency, money= value
Your analogies are dreadful! Saying doge and XRP are the same is not like saying a car wheel and leaf are the same. Doge and XRP are at least both crypto currency, and to someone who doesn't know about crypto, they could be considered the same. But even someone who doesn't know about cars or nature can still easily tell a car wheel from a leaf! It would be more like saying a car wheel and skateboard wheel are the same because they are both wheels. But clearly they are very different, like doge and XRP!
@@harrywhoudini9013 Have you been drinking tonight Harry or what's your problem?
@@geireidskrem9258 do you not think if a person is trying to educate others they should at least be accurate? Or are you a firm believer in mediocrity?
@@harrywhoudini9013I think he was just talking off the top of his head with the analogy and just kind of fumbled not wanting to take too long on it, human error he knows that wasn’t the best analogy. 😂😂😂😂 but the point is hopefully we understood where he was trying to go, u did and I did, maybe someone didn’t but I think most of us did.
car wheel and leaf are both a part of nature and both provide multiple uses and functionality
@@passportpapi713 A fair assessment! My intention is only to try and improve standards. I feel if I can help improve the standards of a person from whom others are learning, it may be to the benefit of many! It's why I didn't just say " You're analogy sucks!" I actually explained why and gave a better example. Hopefully Lewis will just give a little deeper thought to the accuracy of his future presentations.
Yeah thats the goal. Depending on how high XRP becomes after this court-case, i'll take enough profit to be able to chill for a while and it will give us enough time to see UTILITY kick in! Then in the future we can talk about different avenues for passive income! 😂🔥
I think both you and your friend could be onto something...
If it is a "group 2" asset then it can replace all the international currencies like he said, but as YOU mentioned, it would have to be at a higher rate. It can do both if only 1% is allowed then it must be worth more
Well if you could get Ripple to not be the escrow owner then you have something . The holders would be bought out only if it’s cheaper than duplicating the bridging framework .
If XRP is backed by gold or silver, it would be a class 1 asset
@@leemingtye6073
silver is not Tier 1.
@@tz6516 any link to documentation confirming this?
Alternatively a new business can be established (by the banks though technically not owned by them) that lends xrp to the banks
They can also re define the word "Bank"
it also means these banks could just hold all of their own assets in whatever denomination works best for their customers, and whenever they wanted to move it somewhere, they could use xrp to swap it for whatever your customers want to swapped to. doge could easily do what xrp does, just saying
Follow me on this: with Ripple's on-demand liquidity, why would banks even need to hold XRP? Like, if Bank A in the US wants to send money to Bank B in Japan, they would just buy XRP with USD, send that XRP to Bank B, and then Bank B would sell it for Japanese Yen. So, why would they need to hold XRP in the first place? I think liquidity providers will be the ones holding XRP not banks.
Also, if banks are just buying and selling the same amount of XRP for these cross-border payments, how is that going to make the price go up? But, I personally still think that an increase in the volume of transactions can lead to higher demand for XRP, which can drive up its price.
@@RC-hn5yd
Read about illiquidity and slippage.
Read about Ripple paying MoneyGram millions of $ each quarter due to XRP/ODL slippage.
XRP liquidity is so bad that in many corridors ODL was using BTC or Tether, not XRP.
Remember, liquidity is more important than high fees or slow transactions.
El Salvador could have chose any of the 25,000+ cryptos.
They chose BTC because it has the best worldwide liquidity.
Here is the Ripple CEO saying you do need the equivalent of Nostro/Vostro with XRP remittances.
"Ripple has actually throttled that growth because one of the things that's important when using ODL is you have to have good liquidity on both sides of the transaction. And so, if XRP doesn't have enough liquidity in the marketplace, (then) you can't put as much demand through."
Brad Garlinghouse (Aug 2020)
I'm not sure about the first question but for the second question, a small amount of xrp is burned or taken out of the circulation every transaction which should increase the price
@@cherub0nyx
There are 100 billion XRP.
In the twelve years of existence only 200 million XRP have been burned.
That is minuscule.
Ripple sells that much every month and influencers say those sales have no effect on price.
So burning that much over a decade obviously has no effect.
@@tz6516 yeah but there's no mass adoption yet unlike in his scenario where banks just keep buying and selling xrp
@@cherub0nyx
I think the handwriting is on the wall.
Stable coins are going to dominate the eco system.
Only a few non-stable tokens will survive …if they can find a profitable niche.
Interoperability will send bridge currencies to the rubbish bin of crypto history.
Ripple thinks so too….
they sell XRP by the truckload
and are building a stable coin (RLUSD) and anti-citizen CBDCs.
Don’t listen to what Ripple says, watch what they do.
Why would a country hold XRP when they have a local stable coin which could be used cross border using ripples option to use xrp but without actally having to hold it remember it only takes 3 seconds and the xrp is able to be used again.
I really dont see the use of any country holding XRP when it has its own stable coin and
Let's say that the 1% cap is equal to 10 xrp, if the bank has to move a million dollars a day then that would mean that xrp would have to be a minimum of $100,000 a coin or else it won't work.
The money to be made.... is in USD Ripple and all the other xrp/currency pairs. USDT makes billions.... ripple certainly will be cracking that market.... can you imagine reasons why ripple would start buying xrp and increase positional holdings of xah and evr. And I'm not even going to talk about ripple stock action.
I think once the USD Ripple ball is rolling, it's an amazing turn of events few can comprehend.
Im glad I am aware of Xrp. I know the smart contract sidechains Xah and Evr will be along for the ride.
Lewis what has happened to your twitter page?
Can you please share the names of all your teammates who are potentially going to be on the phone talking to us ?
We need to do our own due diligence before getting financial advice from any strangers.
Thanks Lewis.
As of right now, it's only myself and Clare
What’s Clare’s background ?
Does she have a LinkedIn profile ?
I think once this case is closed, interest will increase, movement towards $1 will hopefully occur by the end of this year. The increased noise around XRP will drive further but instead by those people who have stayed out for so long. And we imagine it's to the moon from there🎉
Bro when this case is over it’s going to blink pass $1.00 it shot past a dollar during the case.
Moving away from TradFi and FIAT becoming redundant, XRP becomes THE digital bank, central player and reserve currency!
Yeah spot on.. this could take another 20 years or so… that time frame seems more than likely at the moment.
THANK U SIR
Banks will not hold xrp in my opinion, instead they will make use of the odl product and thus the liquidity which will come from perhabs three gigantic liquidity pools which yet have to emerge. Banks will hold several stable coins like RLUSD by ripple and others like USDC for example. XRP/XRPL / Ripple NET is used as the backbone of these liquidity pools.
First "problem" banksters would not give up that easy money FEES, transaction FEES.
Second thing if XRP would get adopted, the small retailers(holders) would be Banned(they would make some laws/rules eventually.
Third thing is : can someone explain to me if 1bank wants to transfer 1 million$ to another bank with different currency, they would have to buy 1 million xrp(if is 1xrp/1$ for example)??
I watch so many many videos, and no one knows what would happend, what can happend, it all speculations.
Quincy jones said & I quote “no one knows, & if they say they do they are lying” imm listen to him b4 anyone else why , cuz he in the loop with them not one of the tubers are in works with any X coin developer
Well the developers of xrp said it’s designed for 10k per coin. Not saying that’s going to be the price bc nobody knows where it will stop, BUT!! 10k is what it was designed to handle.
Just an idea... A bridge asset is always fully backed (for the duration of the transaction) by the sender's currency until it is redeemed by the recipient. Cat 1?
Read up on illiquidity and slippage.
Read about what MoneyGram learned from its XRP usage.
Then you will do what Ripple does….sell boatloads of XRP every month.
As Amy Winehouse once sang, “It’s not where you’re at but where you’ve been.”
What you think xrp hits in 2025
July 2025
Over $10
So can be anywhere from $10 to $100
My plan is to sell 5000-10000 xrp token at 3.81 - 4.50 dollars, then sell 5000 at 12, and hold 10,000 until we hit 100-500 bucks
volume up button
We must hold on to DEFI with crypto. CEFI is not private
I think its a positive limiting crypto accumulation. No one bank can control any one crypto, so it creates a level playing field.. .....
“Could there be a wuooooold where…” lol
$10,000.
be fr
Classification can change
I swapped my entire 401k into BTC when it dropped to around 20k 2 years ago and tripled my investment! Bullish on XRP and BTC!
They will prob just create a category 1 product and use that.
XDC the one that shall not be named
Easy to change category 2 by xrp now having backing that being backed by the gold standard .boom no more category 2
Watch Will Fixs video on this topic... He make a great argument that XRP is NOT a category 2.
Now you’re talking
But this isn’t new information
You’re just putting it together with clarity now
Yes the institutions have XRP in their carts ready to hit “buy now “
Which they can’t do until there is legal clarity
The NDA’s are also key
No one can know where this is going
Except those who can take an educated “guess”
Good correction to last video 👌🏻
ed Stalets
xForceTrifecta - May we live in interesting times! Thanks Lewis.
If that were the case, it would not be on the exchange for the normal Joe
Bruh. We need to wait another entire day…??! Don’t leave us hanging!
So xrp isn't fractional? Are talking about a $100 trillion market cap? ($1000/xrp)
Hehehe
MoneyGram couldn’t make XRP work.
Stop listening to these influencers.
Ripple sells XRP by the boatload.
Why would they do that if XRP was going to “high value”??
Watch what they do, and use common sense.
@@tz6516 I know, just giving some facts to the fans.
Daydream Theory
Super)
Or make it an official trade currency
Hurry and get here July 30th!
What happens on July 30?
No Set Price 😵💫 It Can’t Be Unless It’s 1 Trillion 🏦 That Would Cover The Worlds Future Liquidity Value… Know What XRP Was Designed For
Ha Ha! If you look at my comment in your previous video about his. I actually highlighted the necessity for XRP to require a high valuation to make large transactions otherwise you would need a huge volume of XRP to make transactions when dealing in millions/billions!
@Lewis-Jackson-TeachesCrypto I guess we are talking about crypto and your reply is a bit cryptic 😂
Are you talking about valuations? I was simply quoting another XRP UA-camr, he mentioned 500, moving up to a 1000 (I think) to be of any utility, from there it is pie in the sky. I guess it will be very reliant on large scale adoption by banks and institutions.
By the way, I have found your videos very useful. I am by no means an expert but I am getting a much better understanding of the whole echo system. Yes, my wife does not understand!🤣🤣🤣
@Lewis-Jackson-TeachesCrypto Well, once again with the scams. You are not even in the UK.
What happened to this guys Discord?
I have no idea, it just disappeared
Think about this mate what happens to the nostro vostro accounts when xrp takes over. Thats what the switch is the vostro nostro
Tbh, I can't decipher authentic comments from spam, which makes it difficult to trust the video content.
10% at $10
My thoughts are different what's regulations out of u s on it say EU looks at it differently who's right and who's wrong
What does this even mean?
You have learned this from will fix
I think you place way too much emphasis on the role of/regulation by the existing corrupt international banking systems - it limits your perspective.
It just shows the amount of crypto immaturity with regulators
If they set price at $35 per, they can have all of mine.
....but i want it in Goldbacks! Dollars dead
I have figured it out now 😂😂😂🤷🤦🤦🤦
So. If you’re a billionaire, your 1% is a lot more than mine in the portfolio.
That’s not a level playing field.
It could end up in an iso20022 ETF.
@@hffurniturebespokeoakrepro9363 who said it had to be a level playing field when it comes to how much someone has to invest?
I've enjoyed your content for a couple of years - and it's not an easy thing you do. But in recent months you have become confusing. With respect to your last video, i may be wrong but you presented the 1% figure as a solid thing - without attaching any documentation. Now, in this video you start off by saying that the BIS 'suggests' the 1% figure. This has a very different connotation to what was presented in the previous video. With this, you are creating confusion, not clarity. Further, in the future, when you present evidence, please make available the link to the documentation.
Just a quick google - www.bis.org/bcbs/publ/d545.pdf
@@LewisWJackson Thank you for that but, in my view, you should provide that in the description. And being the technician you are, it would be good for you to show the text from the document that you are speaking off. I've spent 3 minutes perusing this doc and found this:
60.117 A bank’s total exposure to Group 2 cryptoassets should not generally be higher than 1% of the bank’s Tier 1 capital and must not exceed 2% of the bank’s Tier 1 capital.
So, it may be a small point, but it's not 1% as presented. Further, you didn't respond to my questioning the shift from the first video, in which you laid out 1% as if it were carved in stone, and in this video where you say the BIS 'suggests'.
Also, it isn't clear to me in reading this doc whether XRP cannot in some circumstances be considered a Group 1 cryptoasset, as it says:
"Classification condition 1
60.8 Classification condition 1: The cryptoasset is either: (i) a tokenised traditional asset; or (ii) has a
stabilisation mechanism that is effective at all times in linking its value to a traditional asset or a
pool of traditional assets (ie reference asset(s)).
60.9 Tokenised traditional assets will only meet classification condition 1 if they satisfy all of the
following requirements:
(1) They are digital representations of traditional assets using cryptography, DLT or similar
technology to record ownership..."
Question for you: Isn't the XRP Ledger, in part at least, meant to be a repository for "tokenized traditional assets" with XRP being a "digital representations of traditional assets" - and in that sense is it not a Group 1 cryptoasset?
Thanks!
It’ll end up 20-50k a coin
Hope you are right :p
@@bialy8375 me to but it makes sense if the countries and big institutions are gonna use it to do business it’s gotta be stable and reliable price
@@BigcountryReactions second question is when it grow up to $ xx K per coin - Is it worth to cash out? Maybe it will be better having xrp than normal cash made because of xrp
It will never go that high.
Excellent p0ints!!
… David Schwartz said that the price “had to be high”. End of story.
Xrp won't be group 2 for much longer