Jake Claver: XRP to $10,000, Stock Market Crashes 50%, and Satoshi's About to Move His Bitcoin

[00:00:00]You're going to see 50 to 30% down in the stock market in just a few days. XRP will be north of $100 in the next 6 months.

[00:00:07]>> Why XRP? Cuz you manage all of it.

[00:00:10]>> It's not possible for Bitcoin to scale to a global currency. Price is going to go down >> drastically.

[00:00:14]>> Drastically.

[00:00:15]>> Do you think right now is a good time to buy? Who in the is Epstein? His was in everything. He was in the beginning of Bitcoin.

[00:00:24]>> That's where you're going to see a $10,000 XRP. I'm pretty confident that I'm going to be proven right. So, what do you think's going to happen in less than 6 months, Jake?

[00:00:31]>> So, here's here's a bold claim for you.

[00:00:37]>> What it is, Brad Lee back again with another episode of Dropping Bombs today, backed by popular demand. Jake Claver in the house. What's going on, brother?

[00:00:45]Appreciate you having me back.

[00:00:46]>> Well, thanks for coming back, dude.

[00:00:48]We've had about a billion people call uh o over your episodes.

[00:00:53]>> There was uh, you know, stirred the pot a little bit, I think.

[00:00:56]>> Why is that, you think? put that as close to your chin as you can get just so they don't miss this one.

[00:01:02]>> Well, you know, I I just I have a different perspective than a lot of people and uh a few of the things that we talked about on the last one have played out. Not the full price prediction, but that's coming. So, >> Well, I hope so. God damn. I told you last time. Yeah. I was sitting there going, "Well, not yet. Not yet." But what what has surpassed that you've called since the last one? the last one, you know, the Genius Act, um, passed, uh, that happened a little bit after you and I shot the podcast and then we got that regulation through around stable coins, which is needed. And now, you know, here on May 1st, we have some oversight by the OC on how to actually implement that. So, you're going to see the banks roll out their stable coins here in 2026. The other thing that I called uh and I don't know if you remember this or not but oil we talked about that having to spike and I don't know if you've been watching the news or not but that has definitely happened with the straight over being shut down which was something else that I had called and >> I there wasn't really anybody else talking about any of that when we had shot the podcast last year.

[00:02:04]>> No, you also said that Japan wants their money back.

[00:02:07]>> Mhm. That's coming too.

[00:02:08]>> You said when that happens they're going to have no choice but to ding dang it ding ding ding. Well, I'm waiting for that.

[00:02:15]>> They're going to they're going to have to raise interest rates. Uh we've got the FOMC here this week in May or sorry, April. Um and the Bank of Japan actually tonight is supposed to do their monetary policy. So, we'll see what they come out with. If they raise interest rates, we're we're off to the races.

[00:02:33]>> If who does?

[00:02:34]>> Me Japan. Well, really either if >> Well, I don't think we are. I think we need to lower them. We'll bet I'll bet you some Bitcoin or Ethereum or XRP if that's your favorite.

[00:02:48]>> I'll bet you some that that we do.

[00:02:51]>> I I would like to see that. Um >> I'll bet you I'll bet you in the next 30 to 45 days we're going to see >> Well, what makes you think that >> interest rates go down and I think they'll continue to go down for a little bit.

[00:03:04]>> I'm I'm hopeful for that. a lot of people looking for refinancing on and we got the private credit markets having the issues that they're having. If if the if the Bank of Japan were to hold and the Fed were to lower interest rates, that would give them some relief.

[00:03:19]They could kick the can a little further if they go that direction. Uh but at some point, the Bank of Japan's going to have to raise interest rates because they're experiencing inflation at this point. They they stopped reporting how much oil they had on hand in uh around the 15th of April and they don't they don't want that to come out because they know that if their stash is running low and they're not getting anymore that's going to cause the price to go higher for them.

[00:03:45]>> Why wouldn't they be getting it anymore?

[00:03:47]>> Well, the delay, right? So, the straight hormuz is being shut down. Um >> yeah, but we have that sweet USA oil.

[00:03:56]>> So, there was a big big hallelu on on the press the other day that one of our oil tankers finally made it to Japan to be able to supply them with some oil. Um we're still at least 20 to 30 days away from having any significant amount of oil being able to be on shore there.

[00:04:16]How do you wake up every day and like read these reports in your suit? Because again I remember when I used to wear suits every day and I'd how I'd feel. So you must feel like that. Yeah, I I get up every morning and Well, because people >> read the financial sections.

[00:04:31]>> Yeah. Well, people they want me to explain it in simple terms, right? And a lot of people listen in to what what I have going on because >> Well, they would expect you to, >> right?

[00:04:41]>> Cuz folks, if you guys didn't catch him last time and you guys don't even know who he is, he's like, you know, who is this guy? Well, dude, a you can find him at Jake Claver QFOP. QF.

[00:04:52]>> Yeah. Qualified family office professional. Get my damn >> the readers on.

[00:04:56]>> Get my readers on. I'm getting old.

[00:04:58]>> Yeah. Or you can go to jclaver.com digital ascension group. Um and and basically it's a it's almost like a hedge fund but for >> we do we we do have a hedge fund. So really if I'm going to explain it the simplest way, we're swab for crypto is what we create. So it's an institutional account in your name, segregated, bankruptcy, remote, insured. And we hold the crypto there. You're a signer on it.

[00:05:23]We're a signer on it. We provide you advisory around your crypto, how to manage it, different ways to be able to generate returns on top of it, and also lines of credit against it, and how to structure it with your estate. So, >> safer than having it yourself.

[00:05:37]>> Yes.

[00:05:38]>> I I think anyone uh unless you're just a crypto like nerd, meaning you know way, you know, everything, >> right? a normal Joe that has some crypto holdings. I would say throw it in there with you or or a company like your Are there any like yours or >> We're we're really it >> say you you kind of got that market down.

[00:05:58]>> Yeah, blue ocean, you know, we're first to market um SEC registered, right? So, we're a real financial adviser. We have the license to actually be able to advise on this stuff uh onshore, not some sketchy offshore, you know, people that are going to run away with anything. Um, but yeah, I mean there's there's a few other RAAS that'll do similar stuff, but nothing progressive as we do. Um, >> you just you just don't you just don't look like a traditional banker look.

[00:06:28]>> And it's okay. I'm good with that, you know. No, no. Like that's why I like I don't picture you sitting there reading the financial section >> every morning at breakfast while >> Well, your perfectly groomed children are getting getting prepped to go off to the academy today.

[00:06:44]>> They're they're definitely not. My son goes to public school and he's a hoodlm.

[00:06:47]Um I love him. He but he stays in trouble. Um so yeah, I mean but I'm looking at macro stuff, right? And I'm looking at the crypto markets. uh look at traditional stocks and interest rates and all that obviously plays into everything, but yeah, I have to stay up on that to be able to make sure that our clients are in the right position and we're making the right calls.

[00:07:08]>> So, right now, right now, what is the right call?

[00:07:12]>> I I think crypto markets have bottomed.

[00:07:14]I think we're in the middle of the bare market sentiments in the gutter. Not a whole lot of people are excited about it right now. Not a whole lot of green candles, you know, flying. Um, I do think that we're in for one more event in crypto. I think it'll be related to Tether, uh, which we talked about last time. We really haven't seen that play out. Um, they're supposed to be being audited by, you know, one of the big four audit firms. And then we just saw that transacting on Tether is not sanction free. Uh, they just froze $344 million worth of Tether related to Iran and the conflict that's going on over there. And then Trump came out and said that. So, anybody that's moving money on that network thinking that they're going to be able to evade sanctions or operate outside the system, I think this is a a wakeup call for them.

[00:08:01]>> What do you think of World Liberty Financial?

[00:08:05]>> You know, had the pleasure of talking to Eric Trump a little bit at Salt last year. Um, it was interesting to me that he kind of removed his tweets when the stable coin depaged and then he came back out and said, you know, we have confidence in this. We're still an investor. were on the cap table. Uh I don't know. I don't know. I I think it's going to play a role, but I don't know exactly what that role is going to be.

[00:08:28]>> Do you think it would do you think it was a what they call a rug pull?

[00:08:33]>> Um I don't Trump token that one definitely um you know caught some people off guard and people lost money there. I I don't know that it's a rugpool. I I think that they have they have too much invested in it to and and he's the president of the United States like and people are aware that he's associated with it. I don't think that they're going to do something malicious um and cause people to lose money. I just don't know exactly how it's going to fit in in the future when all this stuff actually gets used.

[00:09:02]>> Well, what makes it special?

[00:09:06]>> Um I don't know that and that's my problem with it.

[00:09:11]That's why I don't own any. Right. I need to understand things before I make a personal contribution or we direct our clients toward that. Um, you know, we we do custody Trump token over there at Anchorage, but it's an EVM based token.

[00:09:25]It's Ethereum based and so it's easy for them to create, you know, the integrations required in order for them to facilitate custody and trading and those things. Um, but yeah, I obviously they're involved with it. They're also involved with uh Ethereum in some capacities and then they also have American Bitcoin where they have a lot of vested interest in that mining company. So all that being said, cut hay while the sun's shining. But for them to be as public facing as they are, I don't think it's going to go anywhere. I just don't know exactly how it's going to be used.

[00:09:59]>> If someone was praying for a windfall, which what would you suggest they do?

[00:10:06]>> Um self-improvement, >> but do you think XRP is still the big the big winner?

[00:10:12]>> I I do. You know, that's where the majority of our clients are positioned and my personal holdings are. Um, but again, you know, it's predicated on certain events playing out and unless we see those events take place and the perfect storm transpire, you're not going to get that windfall. Um, there's going to be a lot of technologies get that get adopted.

[00:10:28]>> We need we need to get it up to at least $10.

[00:10:30]>> Just go ahead and call Japan.

[00:10:32]>> Is that all that needs to take place?

[00:10:34]>> Yes. Yeah. We we need to see them raise interest rates um fairly aggressively.

[00:10:39]You know, I don't know that 25 basis points would do it, but if we saw them come 50 or 75 basis points, yeah, you're you're going to see the reverse carry trade unwind. And I I think they've been delaying that and kicking the can on it because the banks here haven't had the full clarity on how to issue stable coins. And the reason that's relevant is when the reverse carry trade unwinds, you're going to see a ton of US treasuries flow onto the market. people are going to be selling them hand over fist to buy their own bonds over there.

[00:11:05]And when that happens, we need demand here domestically to be able to soak up those treasuries. And if we don't have stable coin regulations solidified, the banks aren't going to be in a position to do that. Uh stable coins are backed by treasuries. At least that's the way that the Genius Act has been drafted. So that's the domestic demand to be able to stabilize the bond market, make sure that the whole global financial system doesn't collapse.

[00:11:28]So again, I mean, when you see all these falls, do people blow you up online? Are people like pissed off at you?

[00:11:38]>> If I gave you all my money, not money, crypto, >> if I gave you all my money, you didn't cause it to go down. And whether I owned it or you or you had it in your possession, if it goes down, it's not your fault. That's why people people don't care uh or they don't blame you, I should say, when their [ __ ] goes down cuz it's not you taking it and investing it and losing it, right?

[00:11:58]>> You're just >> we're a steward. We're a steward of those assets and we make sure that you know you're not going to lose them to malicious activity or, you know, cyber crime or >> But what if it does just drop?

[00:12:10]>> That's the risk in the asset class, right?

[00:12:12]>> Does it hurt? I mean, obviously it hurts you just as bad.

[00:12:15]>> Oh, for sure. Well, that's that's why our incentives are aligned. We we draw fees, you know, on the AUM that we custody with clients and manage for them. Uh we lose money as if you lose money. We make money if you make money.

[00:12:26]Our our interests are aligned on that.

[00:12:28]Whereas, you know, a lot of the exchanges and other people that participate in the space, they make money off trading. So, they're making money either way. If it's up, you're selling, they're making money. If it's down, you're buying. They're making money. Um we're we're on the ride with our clients.

[00:12:44]>> Do do you think right now is a good time to buy? You said it's the bottom. So, if it's the bottom, it's time to buy.

[00:12:49]>> I I think so. I think uh I mean I I can't tell people what to do. I'm not a financial adviser. Nothing here is financial advice. You should always consult with a you know regulated person before making those decisions. If you need those people, you can contact us.

[00:13:04]We have licensed professionals that can help you. I personally continue to dollar cost average in larger larger chunks uh as we've come down.

[00:13:14]For people that don't really understand what that means, give them a little two cents on dollar cost averaging.

[00:13:21]>> So, it's difficult to time the market, right? If you're trying to pick tops and bottoms, you're probably going to lose.

[00:13:27]96% of traders lose money. If you have a steady paycheck and you believe in something, whether it's a stock or crypto or anything else, you take, you know, a small portion of that, whatever you're willing to put in every single month or week or day, depends on your cash flow. And that's what you allocate, right? And you kind of set it and forget it. And then you're investing over a longer duration, you know, four, five, 10 years, maybe longer, depending on what type of product or account. if you have an IRA or something like that, it's a long time for your retirement. Um, but that's the way we suggest most of our clients participate in the market. We're actually going to build we're going to bring a pro a product to market here in the next 3 4 weeks where people can can actually pick bottoms. So, we have an algorithmic trading strategy that we've rolled out on IRA uh which allows you to buy and sell algorithmically in there and compound your allocation for XRP or Bitcoin. Um, and we're going to do that without the sell mechanism. It'll just be buy. So, if you have fresh cash, it trades off of a, you know, four different time frames and tries to pick bottoms for you. So, the average price uh for that model that we ran the beta on in February, I think, was like a $137 uh that people were able to pick up XRP at. And the the the lowest um buy price that it got was like um A$131 during that month.

[00:14:54]So do you just set thinking up the various uh products that you could put all the digital currency in?

[00:15:03]>> Yeah. Well, so that's what we do. We build progressive products and a lot of the time we look at traditional finance and the products or derivatives that have been created there and then just apply that to crypto and we work with people that have been doing it for 5 10 20 years in traditional assets to be able to create these products on our side of the fence.

[00:15:20]>> Dude, why are you so controversial? At least what I've seen.

[00:15:24]>> Like like people want to debate you.

[00:15:26]>> Oh yeah. Um >> do you enjoy that first of all?

[00:15:29]>> I I do. And I don't form an opinion on something unless I can argue both sides, right? So there's >> Have you been proven wrong on anything?

[00:15:37]>> Um I mean, you know, so time frames, right? I don't think anybody can really guess time frames.

[00:15:42]>> Did you guess a time frame and it didn't happen? Yeah, toward the end of last year, you know, I had a bet with a guy on, you know, a certain price point for XRP playing out and that didn't come to fruition.

[00:15:52]>> Damn. Did I bet you anything? I got to go watch our episode.

[00:15:55]>> We did not. We did not, luckily.

[00:15:57]>> Yeah. I would have hoped. No, I would have I would have hoped like again.

[00:16:00]Yeah, dude. My XRP's the the my old you know how when Bitcoin first came out?

[00:16:05]Yeah.

[00:16:05]>> Like I missed that ride, right?

[00:16:07]>> I'm hoping XRP somehow someway. But like I said, my boy Chase, you know who I'm talking about.

[00:16:13]>> Yeah.

[00:16:14]He just said, "Dude, it's never going to happen." And he knows a lot of [ __ ] Like, he knows a lot of [ __ ] So, I I'm just wondering like, does he know more than you or do you know more than him?

[00:16:24]Or >> does he know something you're not factoring? How do two smart people oppose each other so greatly?

[00:16:31]>> You know, I there are a lot of people that I hold in high regard and have a lot of respect for that think Bitcoin is the end- all beall. Um there are a few things that they don't necessarily want to talk about like quantum computing and this is this is relevant for the whole Bitcoin community right now. Quantum computing is going to happen over the next two to five years at some point.

[00:16:52]They're going to figure out how to get two CQITS to stabilize next to each other and then then everything's a problem. And it's not just for Bitcoin >> be able to mine it in seconds.

[00:17:03]>> Correct. And they could expose the old wallets. They could hack the old wallets. So, Satoshi's wallets that hold like 10% of the total supply. Well, it's not quite 10%. It's 1.1 million Bitcoin that it holds.

[00:17:14]>> God, can you imagine?

[00:17:16]>> It's a lot of money just locked away.

[00:17:18]But if if those wallets could be hacked, uh it's a problem cuz right now that that Bitcoin sits idle, but if somebody goes to sell that onto the market, that's a lot of sell pressure uh coming from that person. So, >> sell pressure meaning >> Yeah. price is going to go down.

[00:17:36]>> Would you drastically >> drastically >> like back down to the hundreds?

[00:17:40]>> I don't know if it' get back down to the hundreds. I mean, five figures on the low end for Bitcoin, I think, is a reasonable price. Um, >> five figures right now, >> correct? Yeah. I Well, I mean, low end on five figures, you know. I I think you're going to see $20,000 Bitcoin at some point in the not too distant future.

[00:18:00]>> How long?

[00:18:03]>> I know. again time frames. I don't know when the reverse carriage trade unwinds and there's issues with Tether, I think that you're going to see a rotation out of Bitcoin uh that'll be greater than we've seen since the ETFs have been around.

[00:18:16]>> So, if I'm sitting there buying at 50, I'm making a mistake.

[00:18:20]>> Not necessarily. It could go to a million over the long term, right? And if that's your bet, then, you know, 50,000 would be great.

[00:18:27]>> Do you think it will?

[00:18:28]>> It's one or the other. I think it goes to zero or a million. And I don't know which one it's going to be. I'm I'm 7030 go to zero.

[00:18:35]>> Um if somebody were to let's say a quantum computer hacks the network and they're able to create more Bitcoin, the whole value proposition is there's only ever going to be 21 million Bitcoin. If there was somehow a way to be able to generate additional Bitcoin because of a quantum computer, it the whole value proposition falls apart.

[00:18:55]>> I know. But see, this is the part I've never understood. First of all, who's counted them? Who can verify there's only 21 million?

[00:19:02]>> It's on a blockchain.

[00:19:04]>> Who verified it? That's like when you say, you know, so and so Biden won for president. Who who counted those votes?

[00:19:10]Who verified those votes? It >> It's a It's a public blockchain. Anybody could go on there and look at how many >> I've never I've never been able to see how many there are. Have you Have you looked?

[00:19:20]>> Yeah, there's like 19 million. A little over 19 million.

[00:19:23]>> Where are you seeing that?

[00:19:24]>> Uh on on the blockchain. Like you can go look at the block explorer on the internet and it'll tell you how many have been mined, how many are still coming to be. Um, >> so how many are left?

[00:19:34]>> What about what about all the ones that are like on a thumb drive missing? I I know I have three that I'm never getting back, >> right? Well, and that's Satoshi's wallet supposedly, right? Like nobody can access those wallets. Uh, those just dead Bitcoin. It's it's held out. It's not available for buy or sell. Um, and that's what creates some of the additional value proposition. There's an even further limited supply than the 21 million that'll ever be mined because those are never coming back onto the market supposedly. I think you're going to see Satoshi's wallets move the Bitcoin and I think that's going to freak a lot of people out.

[00:20:08]>> Is Satoshi Epstein?

[00:20:11]>> I don't think Satoshi's Epstein, but I do think Epstein leveraged the technology in some capacity to facilitate some of his business.

[00:20:19]>> Dude, who in the [ __ ] is Epstein? His ass was in everything.

[00:20:24]>> Everything.

[00:20:25]>> He is like the devil.

[00:20:28]>> Yeah.

[00:20:28]>> I mean, bro, he >> horrible, horrible things.

[00:20:31]>> He was in the beginning of Bitcoin.

[00:20:34]>> There's there's emails that have come out that have surfaced from everything that's been, you know, revealed that, you know, he was against Ripple and X XLM and stuff Jed MB and and Ripple were doing. And then, you know, he was he was leveraging Bitcoin or Tether in some capacity to facilitate his business.

[00:20:54]That really had like the public hasn't realized that yet, but that has been uncovered in the emails that have been revealed.

[00:21:02]>> Now, when Dan Pena said, "If you knew who was behind Bitcoin, it would go to zero."

[00:21:07]>> Yeah.

[00:21:08]>> [ __ ] all.

[00:21:09]>> Do do you think he was referring to Epstein or do you think he was referring to Putin? I think he was referring to Putin.

[00:21:15]>> Yeah, >> because he came out later and said it was Russia.

[00:21:18]>> Yeah, but it isn't.

[00:21:20]>> I don't think so.

[00:21:20]>> Well, again, they would have revealed by now. No, >> like what what are they waiting for the big reveal? Like, are they waiting for I just need a little more time and then I'll tell everybody and it goes to zero because when it goes to zero, I think that's when shit's going to freak.

[00:21:37]>> Oh, yeah. Well, and that's what I'm saying. If Satoshi were to move his Bitcoin, Tether has problems. Uh, you got this quantum deal going on. there there's one of these straws is going to break the camel's back and that's why I think you're going to see somewhere around a $20,000 Bitcoin. Again, there's always going to be some demand for it.

[00:21:53]You know, there are the the libertarians, the freedom fighters, the people that want to be self- sovereign, be able to move and transact, you know, separate of, you know, any any counterparty. Um, but I would argue XRP is better for that than Bitcoin is. So, >> well, that's the goal, >> right? And I keep hearing two sides of that argument and I'm trying to figure out which side is right and I'm hoping your side is.

[00:22:18]>> I'm pretty confident that I'm going to be proven right. But you you can be wrong for a long time before you're right. I mean, look at Michael Bur, right? Like he almost went bankrupt.

[00:22:26]>> Was that the big short guy?

[00:22:27]>> Yeah, the big short guy. You know, he was a little over two years that he had been shorting the housing market and created a derivative product to do it and his investors hated him for it the whole time. And then, you know, it ended up making $40 billion at the end of it when he was eventually right. So, you know, what's the time? Again, timing is difficult in markets. Do you think there's people on the internet right now making videos to affect the ups and downs and just riding it up and down?

[00:22:56]>> Depends on the token. So, >> seems to be it seems to be XRP, the ones I see, but maybe that's cuz I'm watching.

[00:23:03]>> I can't really manipulate it. There's not enough volume for retail to really move the price at this point. Most of it's institutional, especially since the ETFs have come online. That's why you saw the rise in in uh right before the election. People were anticipating those ETFs going live and the institutions were buying XRP off the open market and drove the price up to be able to launch the ETFs. Same thing with Bitcoin. I mean, you saw, you know, all-time high for Bitcoin before the having in this cycle, which has never happened before, completely dependent on the volume from the ETFs. Um, the only people that could really manipulate the price, and I really don't make any bones about this, is is Ripple. They do liquidate, you know, somewhere around 300 million XRP onto the market every single month. Um, >> see, you know, that's strange to me.

[00:23:46]Like, if if you knew these things were going, why would why would you do that?

[00:23:50]>> So, it's to fund their business, and their long-term objective is to back the banks into a corner where they do have to work with them or use that asset, right? So it's it creates more enterprise value for them, but it does, you know, dump on retail. Um, and so you just have to believe that they really do want this and their balance sheet is predominantly XRP, right? So for them, they have enough that they can fund their business and, you know, make these acquisitions to basically bank the back back the banks into a corner where they have to use this or partner with them.

[00:24:24]You know, it's kind it's a little bit longer game. A lot of people just want it to go up now and so they don't understand the game that's being played, which I understand, right? Like it's frustrating in the short term.

[00:24:37]>> Yeah. Well, I'm trying to figure it out myself and and uh you you probably inspired me and a lot of other people to start looking a little bit more closely at it. But I think I think the smarter play >> is to just throw it to a fella like you and >> just like a hedge fund, you know? you you're you're not you're not going to pick these stocks, bro. I don't give a [ __ ] who you are. If you're in there trying to pick, you're probably going to lose.

[00:25:02]>> I would play the whole index.

[00:25:04]>> Yeah.

[00:25:05]>> Like I want to buy the S&P period.

[00:25:08]>> We we've got a product that we're rolling out for private placement life insurance, which will be, you know, top five or six that we think are going to do well and it'll be a diversified basket and there's requirements for diversification inside of that product.

[00:25:20]And I think you're going to see some ETFs that are index products here in the near future. There's a few that are like top 20 digital assets that you can already invest in depending on which country you're you're located.

[00:25:31]>> What is this uh Bitcoin Vegas 2026? You say you're coming out with a new Bitcoin fund.

[00:25:38]>> Mhm. Yeah, we're here uh this week promoting that. So, we have a product.

[00:25:42]We partner with Fidelity uh as a custodian and uh another hedge fund manager that's been running a product for a long time. most of the time to even approach them, you need $10 million in Bitcoin. Uh we bring that down to just half a million. So a lot of people that might not be able to get access to these type of products now can uh through us and our partnership there and your assets stay at Fidelity. Like I don't know how much better a custodian you could get besides Anchorage. You know, those are our two that we work with. Um and it's run out of an SMA structure. So it's not actually through a hedge fund. Uh anybody that has a half a million can participate in this product. Normally, you'd have to be uh accredited.

[00:26:20]So, and we prefer that, you know, you want to make sure that people meet the suitability standards and and everything else to participate in it. But the track record for this is pretty strong.

[00:26:30]They've generated 38% more Bitcoin over the past 5 years u than what was originally invested for people. So, if you had put a 100 Bitcoin in in 2020 with them, you'd have 138 Bitcoin today.

[00:26:44]So, I don't know what that is in dollar terms, but you know, Bitcoin was three, four, five, $6,000 when they started this, and now we're sitting at 70, $80,000 Bitcoin now. So, pretty substantial returns for those investors.

[00:26:58]And >> even if they were just dollar, >> right? Yeah. Dollar-wise, it's significant. Uh, but, you know, to have more Bitcoin, a lot of the people that invest in Bitcoin, they want more Bitcoin over time, and this is a really good product to be able to do that. So, dude, uh, when you're building your company and getting the guff that you get online sometimes, how how do you deal with that?

[00:27:21]>> Uh, it's part of what I signed up for.

[00:27:23]>> But I mean, do do you ever get threats?

[00:27:26]>> Yeah, I mean, >> like death threats.

[00:27:29]>> Yeah, there are people that are upset about their investment for whatever reason, but I try to explain to people, look, like this is my opinion. You can listen to me. You can do your own research. I'm just one person out here on the internet talking about this stuff just like you, right? You're talking to multiple smart people and then trying to discern what's the best for you and your portfolio. Uh but yeah, some people get upset about, you know, delays on stuff or if if this didn't happen when they thought it was going to or they overleveraged themselves. Um people have been angry and have reached out. Yeah.

[00:28:02]>> There's a guy here in the building where he had to get like locks because he's a publicly traded company and I guess he raises money.

[00:28:11]>> Mhm.

[00:28:11]>> And then loses it.

[00:28:15]>> Oh no.

[00:28:16]>> Well, yeah.

[00:28:18]>> Yeah. Well, I mean, dude, listen, if if you gave me money, cuz you know, I'm a I'm a investor or I don't even know what they call them, but you know, I'm a guy that goes out and freaking rolls the dice for people and and I've been winning for 20 years and people throw me another, you know, $100 million and I go keep rolling the dice and I lose, >> right?

[00:28:36]>> Everyone's going to hate me, >> right?

[00:28:38]>> But but you're the dumbass that gave me the money. So, like like guys, I always tell people, take some personal responsibility. Don't give somebody all your money I if if you can't afford to lose it because who are these guys even with you? I mean like if I give you my Bitcoin, I'm doing it because a it's safer with you than it is with me because of the custodial, you know, >> infrastructure >> infrastructure you've got set up. So it's like, hey, and if you figured out a way to make a little extra money, go ahead. But if you lost it, I'm not mad at you, bro. I'm mad at me. Don't you wish all investors were like that? Well, you I think sophisticated investors or accredited investors that have participated in other larger financial products start to think that way and they take people that tend to make more money tend to take ownership of their life, right? It's a lot of the time people that um don't, you know, they live in a a scarcity mindset and >> victim.

[00:29:36]>> Yeah. You know, >> victim mentality. I I would I would challenge people, you know, if you do want to make more money and be more successful, you're going to have to take radical ownership of your own decisions and and your life.

[00:29:47]>> Yeah. And again, I mean, guys, it's just a little due diligence and homework, you know, like someone the other day, business owners, listen up. If your business needs more money, and it will, banks aren't built to move quick. They make you fill out a ton of paperwork, wait for a decision, and by that time, the opportunity is passed. So, if you want bank rates without bank delays, you need to check out Cardiff. Cardiff's been helping businesses get same day funding for over 20 years. We're talking up to $500,000 approved and funded quicker and easier than big banks. You can apply online in under 2 minutes and get funded as fast as the same day. So whether you need quick money to bridge a gap or do more marketing, get some equipment or hire more people, I'm telling you, apply today at cardiff.co/brad.

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[00:30:58]I talked to so many people, it's hard for me to remember, but someone the other day said they're like averaging like 81% return on their money.

[00:31:05]>> Wow.

[00:31:06]>> And have been for five years straight.

[00:31:08]And I'm like, interesting. Show me.

[00:31:12]>> Yeah. Like, >> let me see the audited financials on that.

[00:31:14]>> Yeah. Like, show me. Because if you're doing 81% on average, Yeah. I might throw some money your way. Now, if all of a sudden I throw money your way and you don't, >> I'm not mad at you, bro.

[00:31:28]>> I was I should have I should have threw it at you four years ago. Now, why I'm mad at you is if that 81% is fake. In other words, you lied >> and I believed it and I gave you money without my due diligence.

[00:31:40]>> Defrauded. Yeah.

[00:31:40]>> Well, it's not even defrauded. I gave you money without looking.

[00:31:44]>> Now, if you faked it and I looked and it was there and that's lies, that's fraud, right?

[00:31:49]>> But most people is my point. They're not doing any homework. They listen to you what you claim and then they freaking run out and base it on something and then they're pissed if it doesn't pan out when Listen, man.

[00:32:04]>> You can you have records, do you not?

[00:32:06]>> We do. So have people look at records and when you look at those records obviously and you guys even Warren not you guys but anybody in the in that game warns >> typical results do not you know I forget the >> previous previous results are not indicative of future performance >> all the all the legalities that you have to put out there >> and look like even Warren Buffett if if you look at certain time frames in his investing career he lost a lot of money but over the duration he's been extremely successful and I think a lot of people they they look at, you know, the next month or the next quarter or maybe even the next year. They're not looking over five years or decades. And that's that's really where the money's made. It's time in the market, right? Um you a lot of people get flustered in the short term and and get emotional and sell at a bottom and then FOMO kicks in and then they're buying on the way up, right? You you have to have the emotional bandwidth and maturity to be able to go through those periods and you're you're looking over a longer duration. And you're not looking at next week, you know.

[00:33:08]>> Well, I told you I had 50,000 XRP and you know, they're worth more then.

[00:33:16]>> Yeah, they were. Yeah.

[00:33:17]>> But but at the end of the day, I'll have 50,000 when they're worth nothing, too, right?

[00:33:21]>> Why? Cuz I ain't I ain't ever selling them.

[00:33:23]>> Yeah. Just hold them.

[00:33:24]>> I'm going to hold them forever. Forever forever. And if they're worth nothing, then I guess they're worth nothing. And we'll be old people going, "You remember them Bitcoin days?"

[00:33:33]Then you'll be like, "Yeah, I remember those days." How old are you?

[00:33:37]>> 34.

[00:33:38]>> Yeah. So, you got plenty of time before you're doing that. I only got another 10, 15 years and I'll be doing that.

[00:33:43]>> But that's why I'm hoping that the freaking XRP will do something. And it's all based on the world's monetary banking system, is it not?

[00:33:52]>> It is. Well, so the way things sit today, you have nostrovostro accounts.

[00:33:56]There's like 27 trillion dollars locked up between banks to be able to settle currencies. So anytime JP Morgan Chase wants to send money to Turkey or Argentina or wherever else, they have to park money with a counterparty bank in that currency and they don't want to do that because those currencies are inflating faster than the dollar. And so there needs to be some way to be able to send money there without them having to park that money. And that's that's what XRP does. And a lot of people say, well, stable coins can do that. And they're not wrong. It's dollar backed, but you have that counterparty risk. So, and banks don't want to hold other banks stable coins just like those banks don't want to hold those other currencies.

[00:34:35]They're not getting the benefit off of that. If they issue the stable coin, they're making 5% on those treasuries.

[00:34:41]If they're holding, if JP Morgan's holding, you know, Goldman's stable coin, they're not making that money. So, they don't want to have to park money with them. They need something to be able to exchange that value in between and settle real time that they all trust and use. That's that's where XRP sits.

[00:34:57]If we wanted to go viral >> again, what would we say? What are some viral clips that you can make a claim right now that everyone would go, "Dude, you're full of shit."

[00:35:08]>> So, you know, a lot of I've already come out and said this, so I'll just, you know, time frames again are hard to pick. But, uh, I think if all of these things play out, as we've talked about, reverse carry trade unwinds, you see Black Rockck come out with an XRP ETF, uh, Tether has some issues, you could see, you know, easily a four-digit XRP in a very short period of time, couple thousand dollars. And if we see the tokenization of the derivatives market, that's where you're going to see a $10,000 XRP.

[00:35:42]And we already have the tokenization of the stock market this year. That's going to happen. We've had the president of NASDAQ come out. We've had the president of NY or the New York Stock Exchange.

[00:35:51]And you've had Paul, who's the head of the SEC, all come out and say this year 2026, you're going to see the tokenization of the stock market. And they're going to have to move to real-time settlement because they're going to move to 235. So 23 hours a day, 5 days a week, the stock market's going to be trading. And you have to have real-time clearing between the the clearing houses and the brokers using DTCC. And the only way they're going to be able to do that is if XRP is at a very high price.

[00:36:18]So 2026 is looking like a really good year.

[00:36:23]>> 2026.

[00:36:24]>> 2026 looking like a really good year.

[00:36:28]>> I want to create some shock and awe.

[00:36:31]>> Okay.

[00:36:32]um you know like some bold claims like I'm telling you boldly interest rates >> are going to go down yeah >> in the next two to three months max.

[00:36:45]>> So I will predict that that interest rates will come down over the next let's say two months.

[00:36:54]>> Now I might be wrong it might be three months. So let me give me three months.

[00:36:57]Okay.

[00:36:58]>> Three months. Would you agree or disagree?

[00:37:03]I I think that they're going to have to because otherwise things will collapse.

[00:37:08]And I think it's probably >> that's what I'm thinking.

[00:37:10]>> It's probably going to be in an emergency meeting. The Fed never pivots on their normal schedule. They always have an emergency meeting where they come out and affect monetary policy because and that's what affects markets.

[00:37:22]People forecast 6 months into the future, right? They price things in. So when the Bank of Japan or any other central bank comes out and says, "Hey, this is what we're going to do at this meeting. This is, you know, poly market.

[00:37:33]You can go look and see what it's going to be." That's what people think is going to happen. So that's what they price into markets. When something different happens, that's when you see volatility in markets. Um, so yeah, I'm with you. I think, you know, 25 basis points, maybe 50 basis points. Uh, but really, if we do see the credit market start to collapse and other issues, they're going to have to do more than that. it's going to have to come down greater than that. And that's that's what causes that rotation, you know, when the reverse carriage trade unwinds.

[00:38:02]If we're having to come down on interest rates and they're raising interest rates, that's where their bonds start paying out more than US bonds. And you'll see that rotation.

[00:38:10]>> When do they demand their money back?

[00:38:14]>> Um, so it's not like they're demanding their money back. It just it becomes >> Last time you were here, you said something about we owe them much more.

[00:38:21]>> 10$10 trillion or more.

[00:38:23]>> Yeah. So, if we owe Japan all that money, and I thought you said before, they're going to want that back coming up here like in a year or two.

[00:38:30]>> There there's different durations on all those notes, right? But where where the trade no longer makes sense and people are underwater, they're going to be rushing to pay them back. And that's the situation that we're going to find ourselves in. If we're lowering interest rates and they're raising interest rates, you one, you have the spread on the currency. So, there's got to be a conversion back from dollars to yen and they're going to get slammed. And that's why you've seen Warren Buffett uh well, he's no longer the CEO now of Bergkshire Hathway, but Berkshire Hathway has parked a lot of money in yen to be a lender when this situation plays out.

[00:39:03]And the Fed has also stockpiled a bunch of yen to help strengthen their currency, but also be in a position to be a lender when all this plays out because not everybody's going to be able to swap back through the FX market when that happens. And then besides that, you have the interest rate, right? So if your interest rate and you got to refinance at a significantly higher rate and the conversion rate between dollars and yen's no longer favorable, now you're getting hit twice. And so that's why it it's kind of a negative feedback loop when that happens. And that's why we saw 13% down in the S&P in one day in 2024 when that started to happen. Stocks stocks. So here's here's a bold claim for you. You're going to see 50 to 30% down in the stock market in just a few days when all this plays out. And that could happen in the next 2 3 months.

[00:39:53]>> That's a bold claim. That's that's a lot of liquidity being sucked out of the system in a very short period of time.

[00:39:59]>> Well, do you do you hear the conspiracies as well as all the other beliefs that are out there? I mean, you have to obviously tap into conspiracies. So, do you think there's any legitimate conspiracies?

[00:40:14]>> Um, as far as like, oh, we're about to switch banking systems. We're going from Swift to quantum. Oh, the banks are finally doing this. The wars for this reason, and that's so they'll that, you know, this will destabilize and this is all just usher in the new thing. And >> I I agree with a lot of that to be honest with you. Like I talked about, you know, I kind of forecasted or predicted the straight of Hormuz being shut down because that was on the episode.

[00:40:39]>> It may have been on the episode, but there's multiple uh accounts of me talking about that on the internet before that was ever even discussed geopolitically.

[00:40:47]>> So, how did you know that that was going to happen?

[00:40:50]>> It would be the only way that they could force the oil because Japan's primarily dependent on dependent on that corridor.

[00:40:56]>> Who's they our government? Um when I say they higher powers so the the bank of international settlement the IMF NATO the US government is that who's running the country the world I I think so when the US ships were sitting at the straight of horm saying don't come in here and the Chinese sailed a couple pass just to say we'll come in here if we want to and we didn't do [ __ ] about it. Yeah.

[00:41:23]>> Is that all fronting?

[00:41:24]>> I I think it's a lot of theater.

[00:41:27]>> Yeah. They just they need to shut down that corridor to cause a disruption in oil. And I don't think they want they don't want an escalation in conflict, right? Like they don't want collateral damage. They just need to be able to do this in order to give Japan a scapegoat on why they they had they did they raised interest rates.

[00:41:45]Do you ever wonder why these governments that supposedly, you know, run these areas like the straight of Hormuz, that's Iran. Well, how come? I mean, if we're the superpower, why don't we just go over there and be like, "Open this bitch." Because Trump's saying, "Open it and they're saying."

[00:42:00]>> Yeah. I again, problem, reaction, solution, right? I I think all this has already been negotiated a long time ago.

[00:42:07]>> So, we are all literally just sheep that they're playing like fools.

[00:42:13]>> Most of the public has a visceral reaction to stuff. They They're not looking a couple layers deeper. And so, you know, and they think politics are real. Uh, I don't think that politics are real. I think it's two wings on the same bird. Different objective. Same same objective. They just play people against one another in order to get certain outcomes.

[00:42:33]>> Are you ever going to run for politics?

[00:42:35]>> No.

[00:42:36]If I were a younger man, I probably would.

[00:42:39]>> Really?

[00:42:40]>> Yeah. Because, dude, everybody like I always wanted to be rich. And that's almost a guaranteed way to get rich because you notice how they all get rich.

[00:42:49]>> Well, they play the inside baseball on >> Yeah. all they're all getting rich because they're freaking the ones making the rules and know what the rules actually are and there's backroom deals and there's >> dude I know I know when the streets coming down >> three years from now so I know what property to get which might now right now be garbage I know which government contracts are are are being selected I can go as a government official I can go >> do your brother-in-law >> oh yeah like will you look at Nancy Pelosi and Nvidia Yeah, but like that's allowed. Okay, so why is it allowed for them? But it's not allowed for a civilian. It makes no sense to me. But hey, I'm not on the inside. So I always thought to myself like if I were younger, I think it's too late now. But >> [ __ ] man, I should have just been a politician.

[00:43:38]>> I mean, if that's your goal to make a lot of money and and you know, don't necessarily have a moral compass or code. I I think that that's yeah, a great way to go about it.

[00:43:47]>> Would you call it a moral compass?

[00:43:48]Because I don't in that case. Like for example, let's say Jake, you if you go to Chase Bank, you can borrow money at 0%.

[00:43:58]>> Okay.

[00:43:59]>> And you do, is that immoral because I have to pay let's say five?

[00:44:05]>> No. But if you had insider information that you didn't share with other people in order for everybody to make the same decisions, but I mean that's I mean that's capitalism, right?

[00:44:15]>> It's not immoral. Immoral is is unethical [ __ ] Like me having an advantage over you is not immoral.

[00:44:23]>> That's true.

[00:44:24]>> So if I'm a politician, I get to insider trade. That's just the bottom line. I get to insider trade. Hey, you don't like it? Become a politician. Then you get to insider trade. But right now, but right now you as a civilian will go to jail for the [ __ ] they're doing.

[00:44:40]>> Oh yeah. Yeah.

[00:44:40]>> Okay. So that's not that's not fair. But it's not unethical. If I were a politician, I'm taking advantage of the politician loopholes.

[00:44:47]>> I'm I'm with you. I'm not going to sit there and be like, "It's not fair to America, guys. So, I'm just going to bow out of my perk and I'm going to stay poor with all of y'all." No. I'm going to get rich. I'm going to take advantage of the perk.

[00:45:00]>> Well, yeah.

[00:45:01]>> And if and if anybody's ever trying to shut that perk down.

[00:45:05]>> I'm going to defend it. Why?

[00:45:06]>> Well, that's what they're doing. Yeah.

[00:45:08]>> Well, I know, but I'm going to defend it. Why? Cuz I'm getting rich, fool.

[00:45:11]>> Well, I think >> it's not unethical, though. Well, the unethical part for me is making it illegal for civilians to insider insider trade, but you can go ahead and do that.

[00:45:22]That's the piece that bugs me.

[00:45:24]>> Well, it's unfair. But that's not unethical. Like unethical to me is like, you know, you're doing it. You're you're doing it wrong.

[00:45:30]>> You don't think they know that they're >> dude? I don't think the individual does.

[00:45:35]In other words, like when I get to the to the to the to capital, I didn't make that [ __ ] rule.

[00:45:41]>> Well, that's true. But it benefits you and you're not going to take it away.

[00:45:45]>> Yeah, dude. Listen.

[00:45:46]>> Well, it's same deal, you know.

[00:45:48]>> Just like right now, if Chase will give me 0%, bro, I'm not going to [ __ ] If you said, "Hey, dude, listen. If you guys need money for Lightseed, you know, I got a bunch of people's Bitcoin and [ __ ] I'll let I'll lend it to you for, you know, one point."

[00:46:01]I don't think that's unethical just because you're only lending it to me because we know each other, >> right? Well, and that happens in a lot of religions, too. Um, I will I will say this and I don't know if Meanwhile wants a shout out on here or not, but Meanwhile runs a whole life insurance company for Bitcoin. They do lending on the Bitcoin to the miners and they lend to them at 3 or 4%. So, they will lend you Bitcoin with new basis at 3 or 4% so you don't have to sell your old Bitcoin and you can liquidate that Bitcoin to then run your day-to-day operations for the mining and then you pay them back 3 or 4% in Bitcoin. So pretty pretty low interest rate if you operate in Bitcoin to be able to work with them and get a loan. It's called Meanwhile.

[00:46:46]>> Meanwhile, yeah, I don't uh I don't anticipate uh selling anything because you can borrow against it, >> right?

[00:46:59]>> And as long as you can keep borrowing against it, why would anyone sell?

[00:47:04]So, there's been some people that have brought up like no capital gains tax on crypto, right? They're hoping that Trump comes out with that. Bank of Japan, uh, they just lowered theirs to 20%. On all all, uh, taxable events for for crypto.

[00:47:19]I don't know if we're actually going to get that, but that would be a situation where, you know, borrowing against it, you're going to lose the upside if you sell it. So, that's the argument against it, but you're still going to owe that interest on the note. Whereas if you sold it and you didn't have to pay any taxes, I mean, you get the cash basically, you know, tax-free.

[00:47:38]I don't know if that's going to be the case or not. We'll have to wait and see if that regulation plays out. But, you know, that would be, I think, people's only argument against borrowing against it. And right now, we already provide that service for people. We have multiple lenders that'll lend against your crypto. It's held there in institutional custody at Anchorage.

[00:47:54]Doesn't go anywhere, not rehypothecated.

[00:47:56]You get, you know, one of the lenders will fund you in 45 minutes. M >> is there a particular formula that they use?

[00:48:04]>> Um like LTV. Yeah. So somewhere between 40 and 60%. Uh or the max amount that they'll lend against it because of the volatility. Um and the interest rates are, you know, they've got some products that they're bringing to market here in the near future that'll be 6%. Uh against your Bitcoin or your XRP.

[00:48:24]>> Do you still hold mostly XRP?

[00:48:26]>> It's all I have.

[00:48:28]>> All you have?

[00:48:29]>> Yeah. You don't have any Bitcoin?

[00:48:30]>> No.

[00:48:31]>> No Ethereum?

[00:48:32]>> No.

[00:48:32]>> Why don't you think they have value when like to me they have more value than XRP?

[00:48:36]>> Well, they do. They have. So, you know, I'm not worth $100 million or a billion dollars >> yet. Yet.

[00:48:45]When I am, then I'll diversify, right?

[00:48:47]And I'll probably get into some blue ship stocks and Google and stuff that's already high value. I mean, look at uh Bergkshire Hathway. They didn't get into Apple until way down the road when it was already a really established company. And that's stuff that you do when you have a lot of money and you need to market places that are there's a pretty good bet that this is going to be around. I think that that's where, you know, the Bitcoin and ETH people are.

[00:49:09]They already made their money in crypto or they made their money some other way and they're trying to park it somewhere that's a blue chip. um XRP and these other digital assets that I think are going to have utility in in the new financial system, they're going to have significant ROI. So, I'm I'm still in more of a wealth creation mode rather than a wealth preservation mode. And that's why a lot of, you know, family offices that we work with, they come to us, you know, be second or third generation person. They're like, "Hey, you're the only institutional person I can find online to be able to talk to my parents about this or my grandparents about this." And so we have a conversation with them, you know, and they're parking less than 1% most of the time because it's an asymmetric bet and they're like, "If it goes to zero, you know, no losses on our side, but if it does anything close to what you say, we we double our net worth."

[00:49:59]Uh, and that's that's how I think a lot of people that are, you know, wealthier probably playing this asset class. How if you could have the bomb squad do anything like, you know, park money with you, go get this new product, like what is it that would that would literally like shoot your personal net worth through the roof?

[00:50:21]>> I don't think it's anything that you guys can do. It would be price appreciation for XRP, right? So, we've we've built our business around that for the most part. We manage about 400 million XRP and uh outside of my personal investments in XRP. That's, you know, the only other real asset that I have uh on my balance sheets, the equity for our our companies. Um so yeah, I mean people coming over to work with us, uh parking their assets with us, whether that's Bitcoin, Ethereum, Salana, XRP, doesn't matter. We're we're wealth manager across the board for all of those. And like I said, I'm not against any of those. I just my personal investments I have in a specific position because I'm younger. I have a longer time horizon and all those things. My risk tolerance is higher.

[00:51:04]>> Yeah. But there's also a reason.

[00:51:06]>> Yeah. Well, I believe strong conviction.

[00:51:10]>> See, I think that's what I think that's what goes more viral.

[00:51:14]>> What is your strong convictions? Why XRP? Because you manage all of it.

[00:51:19]>> Yeah. And if everyone just threw your money, your your value goes up as far as like the company, but you still got XRP.

[00:51:26]Like why XRP versus any of those?

[00:51:28]Salana, Ethereum, Bitcoin. It it's going to become a tier one asset. So you know, so the BIS or the Bank of International Settlements gives designations to certain assets for banks and institutions to hold on their balance sheet. Right now the only two tier one assets are US treasuries and gold. Uh, the US has defaulted twice in our history. I don't think that's going to happen again. You know, we have the world's strongest military and we're in a good position. But >> see, see, this is what I don't get to.

[00:51:56]Explain this to me. Cuz we have the world's strongest military. What's that got to do with owing people money?

[00:52:02]>> Cuz we're so badass you can't come get it.

[00:52:05]>> Basically, >> is that what it is?

[00:52:07]>> Yeah, I think so. I I if you wanted to try to come, you know, fight us or or claim that debt, you're going to have a hard time getting that out of us.

[00:52:16]>> So, why do people keep loaning us money?

[00:52:20]>> Um, they believe in that premise, right?

[00:52:23]That that we're not going to default.

[00:52:24]We're going to be able to figure out a way to be able to pay them back or continue to service the debt.

[00:52:28]>> But you said we defaulted twice.

[00:52:29]>> We have.

[00:52:31]>> To whom?

[00:52:32]>> Um, it was like in the 1800s when this happened. So, a long time ago.

[00:52:39]>> Was it was it a foreign entity like Yeah. Like Britain or something?

[00:52:43]>> Yeah.

[00:52:45]>> And we basically just said, "Go [ __ ] yourself."

[00:52:47]>> Yes. That's basically what happened.

[00:52:50]Yeah. Um but but again, so back to the BIS and and XRP, the whole value proposition for Bitcoin is it's finite. XRP is also finite. It's deflationary. So, and people say, "Oh, it's pre-mined." Well, I think that that's actually a benefit because all that's ever going to be created is already been created and there's less and less of it every single day.

[00:53:14]>> Yeah, but it can be fractionalized down to the freaking >> Oh, yeah, for sure.

[00:53:18]>> Millionth of a of a fraction.

[00:53:20]Technically, it's unlimited.

[00:53:23]>> It can go down to the a tenth of a drop.

[00:53:25]>> So, a drop is 1 millionth of an XRP, just like a Satoshi.

[00:53:29]that is >> well and so if you had a million dollar XRP you'd be down to a penny right and that's the value proposition and that's why the math works the way that it does if for Bitcoin to be a global currency you would need it to be a hund00 million Bitcoin for everybody to use it and the power consumption at that point would be unsustainable I mean we got so much that we need for AI and everything else that's going on right now like you you can't it's not possible for Bitcoin to scale to a global currency. That's the other benefit for XRP is it's 50 60,000 times more energy efficient than Bitcoin.

[00:54:09]So all those things compounded together, if it becomes premium collateral like I believe it's going to be because there's no staking mechanism, there's no reward mechanism on chain, that's the only way that you're going to be able to generate returns with this is park it as collateral somewhere, borrow against it, just like a lot of people are doing with their Bitcoin. Um, and it becomes backed by all of the volume across the markets globally. So the back end of the stock market, FX, commodities, foreign exchange, all those things. Uh that's what's going to give it the value and the backing to hold it at a high stable price. And why the BIS would designated a tier one asset or riskless is basically what that means. And then you can borrow against it at really low interest rates and you can put it to work and earn really good interest on it. Also, >> do you think there's any gold in Fort Knox?

[00:55:00]>> No.

[00:55:02]>> Do they claim there is? It hasn't been audited since the 70s. It's been a long time ago uh since they actually went through a full audit on that. I do think that we have the gold. I think that they're going to shore up our currency with it. I think most of that's in Dallas where I live.

[00:55:19]I just don't trust >> I don't think you should.

[00:55:24]>> I don't think you should.

[00:55:25]>> And at the end of the day, that's, you know, kind of why I like the the the digital and the crypto. But at the same time, they say, you know, it's anonymous. No, it isn't. like they know how much I made, how much I got, and what I sent, who I sent it to, and like how is it like so anonymous? Cuz I don't see that it is.

[00:55:42]>> So Zcash and Monero are two privacy coins. Um, they I'm sure that the NSA has back doors in them at this point. Um, and and I think Tether and Bitcoin were also a honeypot, like you pointed out with Ebstein earlier, like if you wanted to make people think that something was anonymous, but it really wasn't, and then you could track everything that they did, a really good plan on their part.

[00:56:06]>> Mhm.

[00:56:07]>> Um, >> which I think that's what it was.

[00:56:09]>> I I agree. And, you know, as we move into >> I don't think Epstein's dead, quite frankly.

[00:56:15]>> Well, that one I'm not sure on. Dude, he did not. When when it showed the video, I told my wife looking at him, I'm like, "That doesn't even look like him."

[00:56:24]>> And all she said was, "Dead bodies don't look the same as when they're alive." I'm like, "How do you know? You a mortician or something?

[00:56:34]>> How do you how do you know?" You know, she started laughing. She goes, "That's just what I heard." And I'm like, "Hm."

[00:56:39]Well, you know, when like Charlie Kirk was killed, it showed Erica on his in his casket and his hands were sitting there and his hands were small and smooth. And first of all, who would let a camera over your shoulder while you're doing that in the first place? And it just like how how did how did all that happen that quickly? It's just weird.

[00:57:02]>> But the hand didn't look real. Same thing with Epstein. It did it didn't look like him, period. To this day, I I swear to God, I'm like, I don't think it was him. I think he's still alive. I think it's We're being lied to.

[00:57:17]>> Oh, I think we're absolutely being lied to.

[00:57:18]>> Yeah. So, I don't think Epstein's dead.

[00:57:20]I think Epstein's somewhere laughing his [ __ ] creepy ass off and he's still just as powerful as he was before.

[00:57:28]>> Probably.

[00:57:28]>> He's just not free to move about the country.

[00:57:31]>> Yeah. Well, there was a guy that was like a lookalike in Florida. I don't know if you saw that guy or not.

[00:57:35]>> He didn't look like him at all. No, there's >> you're talking about talking about St. Pete Pete or something like that.

[00:57:42]>> Yeah, that's the guy. Have you seen the $20 bill and people like trying to reference like Andrew Jackson and Epstein?

[00:57:50]>> Mhm.

[00:57:52]>> Some weird. He's like some vampire.

[00:57:55]>> Vampire. Yeah.

[00:57:56]>> I don't believe into weird >> too far.

[00:57:59]>> Yeah. But like I don't think he's dead.

[00:58:01]And I think the cameras were out and then there was a minute missing and then they found the minute and then it showed this and it show come on.

[00:58:08]>> Yeah.

[00:58:08]>> That there there there's a scandal because of the proof that he has on the people that he has it on. And when it boils down to it, these guys are powerful connected people. These are the same people that I think uh planned the scandmic.

[00:58:23]>> I think they're the same people that benefited from, you know, 8 billion people almost getting vaccinated.

[00:58:31]And I think it's it all ties back to digital currency, which eventually I think it's going I think it's already digital.

[00:58:38]>> It's going to happen.

[00:58:38]>> I mean, when's the last time you saw the cash in your bank account?

[00:58:43]>> You know, there's been a few times I've got cash out for just different stuff, but I live in Texas and we trade horses and and do some other things, but for the most part, you know, I haven't I haven't written a check in uh since I was like 17.

[00:58:57]>> Yeah. And when I and when I use a credit card, bank pays it. Okay? So, like all the all the money is like it's all it's all digital. Your your debit card is digital. It's the same thing as crypto.

[00:59:09]It's the same thing as anything. It's just right there and it's debits and credits and it's numbers on a screen and I've literally logged into my bank account one time >> and there was like $60 million in an account and I was thinking son of a [ __ ] Well, if I'd have took that 60 million, they would have got it back because >> it wasn't mine. So, at the end of the day, it's like these are just digital numbers.

[00:59:32]>> Yeah. They can't >> it's all it's all fake. It's all smoke and mirrors, Jake.

[00:59:38]>> I I would agree. And that's the whole point of the blockchain, right? So, this is a verifiable ledger where people can't fake things. They can't manipulate it. They can't roll it back. Uh now, the issued assets that are going to be the stable coins and these other things, absolutely, they can do all of those things because the banks don't want to lose that power. they're they're going to be able to do all of that stuff with stable coins or, you know, tokenized deposits or whatever they roll out to the public. And that's why I think holding the crypto itself, XRP, cuz then you're playing on the same level playing field as the banks or institutions, right? If if that's what they're going to use, and I do believe that it is, they're not there's no central counterparty that controls that. They can't freeze it. They can't claw it back like they can with the issued assets on the chain. So, wouldn't you want to play on the same playing field as the banks and institutions? And just like you talked about with the politicians, you get to play by their rules.

[01:00:32]>> Yeah, but isn't that just Bitcoin?

[01:00:34]>> No.

[01:00:35]>> How is How is Bitcoin and XRP different?

[01:00:41]>> There's a lot of ways that they're different.

[01:00:43]>> Not not utilitarianism, >> the tokconomics, right?

[01:00:47]>> Yeah. Not the tokconomics, but like what's the actual difference? Like one's this and one's that. Like Ethereum is different than Bitcoin. Why is Ethereum only 3,000 but Bitcoin 70? Why is the Bitcoin the king?

[01:01:02]>> First mover. It was first to market and gain the most market share. I I look at it like Nabster or um what was the first Alta Vista uh search engine? I don't know if did you use either one of those things? No. But they were the first to market. They disrupted things and they gained a lot of market share before you know on Napster side Spotify came in and now you have Apple Music and then now you have Google on the other side instead of ask Jeieves and all the other search engines that were out there. It will be disintermediated. There will be people that decide to use it uh for you know whatever reason they decide to. And there's still those other search engines like you can still go to Ask Chiefs and and use it but everybody says did you Google it?

[01:01:43]>> Right. Um >> well not anymore. Well, now now it's chat GPT.

[01:01:48]>> Yeah. And and chat GPT is the new Yeah.

[01:01:51]You know, quote unquote Google because when when someone goes on Claude and types it, they say, "Did you chat GPT that?"

[01:01:58]>> Yeah.

[01:01:59]>> At least I do. And what's funny is Claude, I think, is a better language model.

[01:02:03]>> For sure.

[01:02:04]>> I think >> their their latest release is fantastic.

[01:02:07]>> I mean, dude, it Claude's allowing some crazy [ __ ] How do you think AI is going to affect digital currency >> crypto?

[01:02:15]>> That's I actually just released a video today about that. So the agentic economy, can an AI open a bank account?

[01:02:22]>> Yeah.

[01:02:23]>> How?

[01:02:24]>> I mean, if if you let it, >> right?

[01:02:26]>> Got to give it you got to give it authority. But yeah, it can.

[01:02:29]>> Well, >> if it can set an appointment and change your calendar and book you into a [ __ ] spa, dude, it can open a bank account.

[01:02:34]>> Well, it has to have credentials to be able to So, use your credentials in order to be able to do that. Like, you have a social security number. You have >> Yeah. If I gave it authority though for me, >> it can open a bank account.

[01:02:44]>> But if if you didn't give it authority, could it?

[01:02:48]>> Not all by itself. No.

[01:02:49]>> Could it open a crypto wallet?

[01:02:53]>> Again, theoretically, it can. I just don't know if it can open mind. What What do you mean?

[01:02:57]>> So, it can create its own crypto wallet.

[01:02:59]And that's >> theoretically if if if the bank let it, but the bank's not going to let AI unidentifiable entities have >> anybody can create a crypto wallet, though. That's my point. There's no KYC, AML, there's there's nothing for that.

[01:03:14]>> So, >> so so then they could open up a billion crypto wallets. Doesn't mean there's anything in them, >> right? But if it's going to go, you know, transact or do something on your behalf or generate returns in some capacity and it's willing to take a stable coin instead of cash or bank transfer, then it can go run its own business. So, my point with >> without anybody knowing that it was actually me behind that a agent.

[01:03:34]>> Yeah, >> that sounds interesting.

[01:03:38]as it sits today, there is no ID for these digital agents um or these AI agents. I think that's coming. Um there's there's a couple different companies that are working on credentials for AI agents to be able to track, you know, malicious ones and >> because they have to.

[01:03:53]>> Yeah, you you're going to have to have some guide rails around that otherwise it's just going to be a free-for-all and end up going very poorly. My point with that is though, they also want to transact 24/7, 365.

[01:04:06]Right now, banks operate, you know, five days a week during bank hours, and you want your AI agent to be super productive. So, they're going to have to move onto these crypto rails to move money, especially in an agentic economy.

[01:04:19]And right now, the only way that they can really facilitate that at scale is agents using crypto wallets. And that's what we've already seen start to happen.

[01:04:27]Like 60% of the new DeFi protocols, they have an AI agent that sits on top of them in order to be able to transact and participate in that ecosystem. So that being said, um people talk about market cap and they they talk about per capita and how many people are on the planet and that's really what total GDP is capped at right now. Once we have these AI agents at scale, it's infinite.

[01:04:51]There's there's no upper bound or limit to the GDP that we can create because they work 24/7 365 and you can spin up another one. It doesn't take 9 months like it does to make another baby, then another 18 years to teach them the stuff to be able to participate in society.

[01:05:06]That's a long lead time to be able to get workers into the workforce. AI agents can be spun up, you know, as fast as faster than you can snap your fingers. Um, and so the agentic economy is going to be significantly larger than anything that humans have ever done. And they're all going to be exchanging value. And if all of that's moving on blockchain, you can imagine how much more value is going to be in that ecosystem rather than the banks, which is what people use. So I I think the merge of those two things is going to be significant on price appreciation for certain networks and different tokens.

[01:05:39]XRP being one of those. Uh Ripple just made an investment in a company called T-54 and they have that's the decentralized standard for AI agents and their credentials uh to be able to participate in certain ecosystems. Um, so yeah, I I think both of those converging are going to cause significant growth in GDP and completely disrupt a lot of industries.

[01:06:04]>> Okay, let me ask you a few questions at the end here and we're going to have you back in let's say 6 months or or or a year.

[01:06:13]>> I'll just invite you now.

[01:06:15]>> Okay, you just make it a day. But you got to give me you got to give me some predictions, some bold predictions within six months. So when you come back, we can either go >> you were dead wrong or dude, you nailed that [ __ ] >> Okay, >> but let's make them bold.

[01:06:30]>> Okay.

[01:06:31]>> So what do you think's going to happen in less than six months, Jake?

[01:06:35]>> I think that we're going to see the reverse carrier trade is going to unwind. You're going to see Satoshi move his Bitcoin.

[01:06:44]I think that you're going to uh have a Black Rockck ETF for XRP and I think XRP will be north of $100 in the next 6 months.

[01:06:59]Let's hope that freaking happens.

[01:07:02]This new product, just so that people know, this new Bitcoin fund, uh where do they go if people want to move their their digital currency into your holding facilities? What what is that actually called?

[01:07:15]>> Uh so Anchorage is our institutional custodian.

[01:07:18]>> But is is Digital Ascension Group?

[01:07:20]>> Yeah. Well, we're actually doing a full rebrand. So, but so probably when this launches it'll be digital ascension.com or dag.com >> because I I I I look at it as as like a a custodian is all you are.

[01:07:32]>> Well, >> you're not necessarily taking my money and investing it without me. you. I might give you the ability to do that, but I'm just >> basically parking it with you because easier to get, faster to get, >> uh, you know, safer.

[01:07:46]>> Yeah. Bank will recognize it on your balance sheet, too, if it's parked with us. If it's held in your crypto wallet, they're they're not going to recognize that as an asset. So, if you go to look to buy a home or do something else for your business, get a line of credit, if it's parked with us, it shows up on your balance sheet and they can verify that.

[01:08:02]>> Yeah. And it's and I think it's safer.

[01:08:03]So, it's much safer >> for for people wondering, well, what does Brad think like if if they give a [ __ ] I think again, people should go do their own due diligence, but park their [ __ ] with someone like you. And since you're the only one, where do they do that?

[01:08:17]>> Yeah, right now you can go to digitalwealthpartners.net uh and the contact us page and our adviserss will talk to you and just make sure that you're suitable and that you know >> what's the minimum again so you don't have a bunch of people with a bitcoin?

[01:08:29]>> Yeah, $100,000 folks. $100,000 in digital currency. You want a a safer place to park it, easier access, uh insured, backed up like >> insured insured up to $100 million. Not FDIC by Lloyds of London.

[01:08:43]>> Yeah. So you guys a better place. Go there. Um and then 6 months later you're going to come back and we're going to take those.

[01:08:49]>> Okay.

[01:08:49]>> And see if they happened.

[01:08:50]>> Deal.

[01:08:51]>> Appreciate you coming in. Absolutely.

[01:08:53]>> I hope to God you're right. Folks, until next time, go get some XRP and keep it real.

[01:09:01]It alone.