Claver provides a sophisticated look at how institutional mergers could reshape XRP’s utility, applying solid financial logic to complex protocol dynamics. It is a rare, high-level analysis that prioritizes strategic infrastructure over typical market hype.
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Jake Claver Live - XRP & Digital Assets Q&A LivestreamAdded:
always have fun with some technical difficulties every once in a while, but we got it figured out. So, what I was saying when you couldn't hear me, um, is Mondays, you know, when they're holiday, always have me kind of, uh, messed up.
Uh, my week's always a little bit off.
Uh, half the time I don't know what day it is anyway because all my days run together. Always busy. Work today. It's not like, you know, did enjoy a little bit of the holiday just because nobody else was working. But for the most part, uh, still got a lot of things done. It was kind of nice actually to have some quiet time, be able to think through things and get things that were on the back burner knocked out. So, uh, but on to the fun stuff that you guys are here for. Um, I don't know if you guys saw this or not, but according to un um, validated sources, Ripple is potentially acquiring Circle now.
I've heard Brad speak about this on stage once before.
I believe it was XRP Vegas. Uh not this not this year but last year. There was some rumors swirling swirling at one point that they were going to they had offered 5 billion uh to acquire Circle.
And at that point in time, Brad came out and said uh he didn't say that they hadn't offered to acquire Circle. He just said that they didn't offer five billion or maybe it was 20 billion at the time. I think it was 20 billion that somebody said uh and later came out that it may have been five billion that they had offered. Um now we have rumors circling that there's a potential acquisition for six billion. Thank you babe.
>> One >> I see the super chat here.
>> Um so let's see if that's legit or not. I'm sure that we will find out here at some point this week if it is. I'm sure that similar to that situation, if it was an offer and it was accepted, um we will we will see that it did actually happen or if it wasn't accepted and maybe it wasn't as legitimate as it was proposed or put out there to be uh maybe Brad will come out and speak on it. Uh the reason that I was I say informed the hearsay on the street last time this kind of swirled was that at the time the regulators felt like that would violate antitrust laws.
Uh but now that we have other stable coin issuers in the market, large stable coin issuers going to going to move into the market here in a big way in the near term. Maybe they went ahead and let this go through. Maybe now that we have PayPal and Paxos and Fidelity and Benji token and all of these other uh tokens and stable coins out here.
The regulators felt it was okay that it was no longer Monopoly and didn't violate antirust laws and they are going to let that go through. So, we'll have to see what comes out for the rest of the week here, but I think we will get an answer one way or the other uh from Ripple. Anytime this stuff swirls like that um and it isn't legit, they will at least comment on it. But, uh if it is legit, maybe we'll see an announcement which would also do really well for Ripple stock. I would assume that if they did make that acquisition for either, you know, six billion or 11 billion, whatever the number actually ends up being, that would be a huge huge piece of their business um and revenue that they would then be generating. Circle does very well. Obviously, they're a public company. Here's the other piece of this that I actually just had the epiphany on right now. This would be a reverse merger.
So, Ripple would go public by acquiring Circle.
Now, that's an interesting outcome because there have been a couple conversations over time where and and Ripple themselves have said this publicly multiple times that they wouldn't have an IPO or an an initial public offering.
uh even though they've been audited by the SEC and run through the ringer and would likely do very well uh going public in that manner, they've become kind of a household name. The the other thing that you get uh in an RTO is you get to name the price of your shares when you go public.
This would be very interesting.
Uh, and this would be a really unique way for them to get into the public market without having to dilute their shares or holdings um, in order to be able to, you know, pass around to investment banks and do the whole IPO road show and everything that goes along with that. So, I'm kind of leaning toward this is probably real now that I'm thinking through it here. And again, this is just real time candid with you guys. Um, this provides them a lot of leverage that they otherwise wouldn't have. And with Circle already being public and their share price being down since the open, this would boost their stock. Also, it's some additional leverage in that uh negotiation for Ripple on the price for the acquisition.
Now, they could take Circle Private would be the other way that they could go with this. So, if they don't if Ripple does not want to go public, which I don't think they've ever stated that. I think they've just stated that they would not have a traditional IPO, and I've thought for a long time maybe they would do it uh through a direct listing because Ripple's already kind of a household name. Um, at least in the crypto space. Most people that are into crypto know what Ripple is. They know what they do. Uh, they understand the the business. And so therefore, you know, kind of like Coinbase or some other people out there that have gone public, Gemini included, they would have, you know, good standing in the market. They wouldn't necessarily have to do a traditional uh IPO. Even though Circle did an IPO, uh, and so did Gemini, both, you know, they diluted shares, passed it to investment bankers, investment bankers got their clients to invest in it in order to be able to pump the stock at the open. Um, other thing about an IPO is the shares have a lockup period.
uh oftentimes somewhere between 6 months and a year before you can sell your shares if you you were an early investor in the company. Uh direct listing is different. Those that invested in Coinbase when they went public, that was a direct listing at the top of the market and those people were able to immediately sell their shares. They were liquid.
uh with an RTO, I'd have to do some research because I'm not sure uh with a reverse merger like that onto the public stock exchange. Um and would they list? Yeah, surely they would list under Ripple's name, not circles. Uh but with the acquisition of Rail and the ability to mint other stable coins for other people, um you know, RLUSD is over a billion. I think it's 1.3 billion in current distribution. What's the total market cap for USDC? We're going to pull it up here. I should have had all this prepared for you guys, but I didn't.
USDC market cap.
Um, coin market cap shows 76.44 billion in total supply for USDC, which is about half the total supply.
uh if you yeah tether is around 180 190 billion so actually less than half of the supply of tether but very dominant in the marketplace and this will provide ripple huge amounts of distribution um and between all the other integrations that circle already has built out uh this is a huge inroad into other enterprises institutions banks uh and all the other clients that they would like to get in front of or might already be working with. So, as I'm talking through it here, actually, I think this makes a lot of sense for Ripple if they had the cash on their balance sheet to be able to do it.
I think that this gets them a significantly higher valuation. Uh what's the current market cap for Circle? Let's take a look here. Market cap for Circle.
Um currently at uh 28.12 billion uh for circle a circle internet group um is that the name of their company is circle internet group yeah trading on yeah uh 28.12 billion so I don't know how they'd be able to acquire them for 6 billion or 11 billion if their current total market cap is 28.12.
Maybe there's some maybe it's that much in cash and the rest is stock in Ripple.
I don't know. So, this person's asked, Jake, did Ripple buy circle? I don't know. This is hearsay. This is a rumor that's out there. I'm just talking through why this would actually be a really good strategic move for them for distribution. Um price appreciation on their own stock, the ability to be publicly listed through an RTO um and their ability to negotiate that based on the leverage that they would have um coming from from that perspective.
So, you know, Ripple's currently worth 50 billion uh in the well, that was their last tender offer, uh $300 per share, uh $50 billion valuation. So, they could do it.
They could make the acquisition. They would definitely dilute their shares, but it would also make sense for all the tender offers that they've done uh over the past three years buying back their own shares in order to be able to negotiate this type of deal.
So, yeah, I I am actually going to lend some credibility to this. I'm going to go out on a limb. I'm I'm in favor of them buying them. And I think that that actually makes a lot of sense. And this would be really good for people that hold Ripple stock um because you would be liquid. Again, I've got to look and see if there's a lock up period on an RTO. you know what the restrictions would be on the shares that people hold in Ripple. Um, but I think this would be a big big splash in the market if they went public this way. So, I know that's the big news out there. I wanted to cover that first before we jump into the questions.
Again, appreciate you guys taking time out of your Monday. Happy Memorial Day to everybody. Thank you to all the veterans, those that have served our country, those that are active duty military, and those that are past veterans. We appreciate you. uh the country would not be what it is uh without your service. And I wish that the benefits and uh the other things provided to veterans were easier to obtain and more readily available uh and actually were a little bit grander in what was provided to our our previous military and current military. Uh but thank you guys so much. Uh and you definitely deserve multiple days dedicated to y'all. So uh there's that.
Um trying to think if there's anything else we want to cover before we jump into the questions here.
Couple posts out there on Twitter today alluding to something big happening tomorrow.
Um we'll have to see if that actually ends up being the case. Um on the macro side, you know, we did see a drop in the uh yen versus the USD. Well, actually it's, you know, the yen appreciated against the dollar back down to 158.9.
We're at 159 a little bit earlier this day. earlier today this morning. I think we're still trending there. Oil's down on the rumors. There has been a ceasefire. Um but you know, again, rumors swirling there. I don't know what's actually true and what's not. We'll find out over the coming days. Uh that a deal was signed where Iran retains ownership and uh you know can continue to do whatever they want with the straight hormuz. I don't know if that's legit or not. Like I said, we'll see. Trump came out and said that's not the case, but there have been some things that have come out that are counterintuitive to that. Um, this person says, "Do my disclaimer." I will go ahead and do the disclaimer. I appreciate you reminding me. So, everything here is for financial, excuse me, everything here is for entertainment educational purposes. Uh, I am not a financial adviser, a CPA, or attorney.
Uh, you should always seek legal, financial, and tax advice from licensed professionals, not myself. Um, I'm just a crazy guy on the internet that comes on here and gives my opinions. And my opinions are my opinions. They are not the opinions of Digital Ascension Group or any of its subsidiaries.
So, with that, we'll go ahead and jump into the questions. I always forget to say it, but if you wouldn't mind, please like, subscribe, share, and I guess you can now hype stuff on YouTube. I don't know what that does, but if you guys would hype this, that'd be really cool.
Uh we're close to 200,000 followers over there on YouTube and um if we could get there, you know, it's been one of the goals on my checklist for some time now.
So, if you guys could help me get there, it would be very much appreciated. All right, go ahead and jump into the questions. We got Colin. He says, "Hi, Jake. I've seen the piece by Dana Love saying XRP will never reach $10. I hope he's wrong, but he seems to make sense.
Um, look, there's a lot of people with a lot of opinions about different things that are going on out there.
Um, I don't come on here and hype things or, you know, try to talk it up in a way that doesn't make sense. I try to provide, you know, legitimate backing for my thesis that I've put out into the market on how it will obtain much higher prices than $10. I would assume that his thesis is predicated on market cap.
Most people that don't believe uh that XRP can reach significantly higher prices. They tend to die on that hill.
Um, and again, like I've stated before, I haven't I haven't looked at this guy specifically or this lady. Uh, and so with that, you know, I can't speak to specifically what they've said in their thesis, but I'm I'm going to, you know, go out on a limb and say it has to do with market cap. Um, these are protocols. They are not companies.
They are something very different than a stock. You don't value these based on IBIDA or earnings. Um, and then also you're going to look at total diluted shares from market cap. All of those are available for trade at any time. Much of the XRP supply is escrowed. Uh as well as many other people holding it on their balance sheet as a collateral asset is what I believe it'll be used for over time. And so therefore, the majority of it's going to be rest kind of like restricted stock. It's not going to trade. Uh and therefore the amount that's actually trading on the open market would be substantially less than the available supply. the um total supply and circulating supply are three different things. Uh and the available supply for XRP I believe is far less than a billion at this point.
Uh based on what's currently available on exchanges and even if you include the dark pools and the OTC desks. I mean Ripple only releases 100 million or sorry 300 million each month onto the market. Uh they normally reescrow about 700 million after they get a billion XRP each month on the first.
So, uh, we're dwindling here down in the last week of May. This would be the time when there would be the least amount of supply on the open market. Um, June 1st, you know, they will get that distribution and then do what they normally do. I would expect, um, I'm assuming that a portion of that would be the cash that they're using to acquire Circle with. So, it's likely that they will continue to sell XRP onto the market to continue to expand their business, uh, make acquisitions, continue to grow things and get distribution for XRP and their stuff.
>> Who's that?
>> Oh, I don't know.
>> Well, my wife's giving me breaking news.
Apparently, Nathan Almond just passed away, unfortunately, from Onondo. So, very sorry to hear that. Consol condolences to him and his family.
um not fun when anybody in this industry passes away that's made a big impact for people. So shout out to uh Nathan, God bless you. Um and God rest your soul and we'll be praying for you and your family. Um so back to the thesis again, I assume that's predicated on market cap. I kind of gave you my reasoning as to why that doesn't apply to digital assets. Uh but again would would enjoy debate if anybody wanted to uh bring that forward. I've gone back and forth with people many times on that very topic.
I need to get to this super chat before we get into the rest of them. Otherwise, my wife is the tea lady will will come get me. Um, this person has asked she made it really small. I got to squint to read this. Um, I don't see the super chat. Oh, it's very Now I'm going to have to log into my email because it's not printed on here.
It's not on the bottom.
>> Here it is.
>> Yeah, it's >> I'll just It's It's >> I reprinted it because it was too tiny.
>> Oh, okay.
>> Oh, god. I was on the thing.
>> Uh, say, "Thanks for the information. I watch you every week. My question was where to look for help for myself in the UK as a UK and US citizen headed down to the UK to live near my family. I have 45,000 XRP and wanted to protect them myself from tax burden on both sides of the pond. Any recommendations? Much appreciated. Um, well, if you're a US and UK citizen, uh, we were actually just in Bermuda. Bermuda would probably be a very good jurisdiction for you if you tend to travel back and forth between the two countries and have citizenship in both. Uh the laws there um actually kind of marry both US law and UK law. Um and it's a very tax friendly jurisdiction. So that would probably be my recommendation for somebody that is a dual citizen between the UK and the US.
um when you're going to be taxed, you know, uh by the US government. And I'm sure that there's a tax treaty with Bermuda.
So, I mean, you're going to have to owe taxes here as a US citizen. Um but if you were to leverage insurance policies or other things there in Bermuda, you should be able to structure that in a way where you're able to mitigate or reduce the taxes as much as you can. uh 45,000 XRP.
I mean, yeah, you're in a range where you would probably want to start structuring something. Um, again, I'm not the end- all beall. I would encourage you to go talk to a tax attorney. Um, maybe somebody there in Bermuda. Their their legal process for setting up an entity is much more grandiose than what we have here in the US. uh we looked at doing some different things for insurance there and it's about 20 pages uh between the filing and all the things that you have to submit in order to be able to get an organization structured there in Meruna.
So I would do that sooner than later. Um UK, you know, if you're going to reside there, it can't be more than 183 days per year that you can spend in the country. It may even be less than that. I know Eleanor Terret has to deal do with that.
She she got her citizenship last year here in the US and she is also a dual citizen uh between the UK and US. So you might actually ask Eleanor. Um I don't know if she wants to divulge, you know, where she has her stuff structured or if she's has any ideas on that, but she would be in the same boat as you uh and might be able to shed some light on one path or another that she thinks is viable for herself. And I'm sure she also owns a decent amount of crypto.
I've never actually asked her that. I saw her in Bermuda in passing. Uh didn't get to say hi. Um but yeah, being in the industry, surely she she owns some crypto. Um Weird Kids TV, uh they say, "Love the vids, Jake. Are you still confident on the reverse carriage trade?" Lots of sources saying it's not going to happen. It would be just a slow unwind. Uh such a smoke on X and other peers as the theory America wouldn't let it be.
Um yeah, reverse carry trade is RCT.
Um I guess we'll see. You know, everybody again has their opinion on stuff. I'm very confident in mine. I have been for multiple years. I'm really the only person that's been telling you guys step by step what would happen uh for the whole duration of time. everybody else kind of picks up on things after they've already taken place. Um, I'm not saying don't doubt me or question things. That's very fair.
However, I've got a pretty good batting average at this point. And the reason that I even came up with the straight horses being shut down before it was and why I put that out, I kind of explained this in the mastermind earlier today. Do you think they would come this far just to come this far and turn back?
Really?
I don't.
If if everything else was in alignment with the outcome that we're looking to achieve and what I believe is going to be the endgame and it's orchestrated that way, do you think they would really just back off and not let it happen or have the catalyst in order to be able to change everything over to this financial paradigm to be able to save everything and make sure that we don't collapse from, you know, the hyperinflationary debt and being backed into high interest rates because of inflation in our economy?
I don't think so. they're they're backed in a corner. They need an out. This this is the out. Um and it's really kind of their only option at this point and they need to delever that quickly in order to be able to derisk from other countries want to derisk from the dollar. Um there needs to be a transition and the reverse carrier trade is what's propped this thing up for a long time. Japan wants to be free of the US. They want to be able to operate independently and run their own economy and do what's best for their economy. Right now, they can't because they can't raise interest rates because this is going to unwind and cause global issues.
So, it they need to like they they need to raise interest rates because they have inflation in their economy and they need to strengthen their currency against other currencies and do what's best for their people. Um, obviously it's good for their stock market. um you know if their their currency is weaker stocks would go up in value because they are an asset um priced in yen and if the yen is going down in value stock prices would go higher. Uh however uh it will be a short-lived you know uh I think people would rather rip the band-aid off and get it over with rather than like a slow bleed like the GFC was. I don't know if you guys remember that or not but the GFC was rough. for years like had problems. And then you've also got, you know, Japan had lost decades because of stagflation. You also had the Great Depression which was kind of a lost decade here in the US. That's what we're looking forward to if they don't do it this way.
So there's a lot of people out there that can say, you know, it's going to happen differently or this or that.
I have very strong reasons for the why for the reasons why I believe this is going to play out um the way that it needs to in order to be able to get this going in the direction that they need it to get going. Um and if it doesn't go that way and it's a slow bleed just go ahead and prepare for another great depression.
Um KW I said Jake wanted to know if there were any updates on for the DAG clients from New York on the uphold account. No bank account trading. Um I'm working on it. Uh and I've been working on lots of stuff for a long time and I appreciate the grace and patience that people have um in in me saying that. I I diligently work on this stuff every single day, take actions toward it, look for different ways to be able to get stuff across the line. Until Uphold has regulatory approval with a bit license from the NYDFS, we're not going to have that. Um, if XRP pops off and and we can go apply for that, it's going to take us 6 to 12 months to get that license to be able to provide it.
um unless we acquire a trust bank in New York that already has a bit license which would be very expensive. XRP goes okay maybe maybe we'll figure that out.
Um but the fastest track would be through Uphold. I know that they are likely working on that to be able to operate in that jurisdiction. They already have many other money transmitter licenses and other licenses to be able to operate in the majority of jurisdictions. So I would expect based on my conversations that they are working on that. I don't know when that will happen. I don't think that that's an immediate priority for them, but they are working on it. You know, I hope. Um so that's where it's at. Uh unfortunately, um if you want to work with us at Anchorage, we would we would love to work with you. Um they do have their bit license. we can work with New York uh individuals and corporations through uh digital or dag.
So, if you want to go to uh digitalwealthparters.net and sign up over there, uh you need at least 50,000 XRP or at least $100,000 in your crypto portfolio. Uh and they can absolutely execute trades. They can do all the stuff for you. So, um that's the best I have at this time, unfortunately. uh but as we bring more custodians on board and partnership with other people I would expect that you know there will be other avenues in which people in Canada and New York can both participate in the products and services that we offer.
Scott Mr. Maddox he says appreciate you Jake. Uh but this shout out to the mods appreciate what all y'all do for the community. God bless. I I gave a big shout out to the mods earlier today on the town hall that we have every single Monday for the digital asset discussion.
Um, to your point, you know, the the community wouldn't be what it is without the moderators over there in the Beyond Rogue mastermind. Um, I'm very grateful, very thankful for them. They spent a ton of time. Um, and they are actively working on other things to generate additional value there in the group. I was doing some stuff to be able to send over to them earlier today. So, uh, shout out to Living Legacy and Till Valhalla and Misfits and Million Drops and all of the other people over there.
uh future. Um there's many more that I'm I'm missing here, but uh the community wouldn't be what it is without you guys.
So, thank y'all. Um if you wanted to see what the community is about, we would love to have you in there on the other side of a $10 XRP. We're going to lock it down. So, I don't know that you have a whole lot longer uh to be able to participate in the community, but if it's something you want to try out, um if you use the code beyondbroke, all capitalize the number one and then M O like Mary Oscar gets you the first month for two bucks uh at beyondbroke.com.
Uh we do use Discord server. Uh but we do we are adding more and more things to the website so people will have access to stuff there. Um and we'll continue to do that over time. Um, and on the other side of price appreciation, we are locking it down. It will be invite only and a very exclusive community. Uh, be much more expensive. Uh, if you're invited as well.
Uh, good to see you. They say legend.
BG123 finished his things on 524 with the same phrase Trump uses. No more Mr. Nice Guy and nothing. Uh, you said that 61 could be considered New Year's Day and that 61 will be flying first class. Tenfold hat.
Why is 61 so special? Um, so 61 is the day before XRP's birthday on 62.
Uh, so XRP and the XRPL will be 14 years old on June 2nd this year. Um, so you know, if you wanted to consider maybe Ripple and the Riddlers and everybody considers uh New Year's Day June 2nd and New Year's Eve would be 61.
Uh, that would also make today Christmas on that calendar. So, I don't know.
We'll have to see. Again, you know, a lot of Tinfall hat stuff going on out there. I will say that there were some tweets today that were very interesting.
Lord Belgrave put out one uh that was picked up by Pompus over there on Twitter. Shout out to him for acknowledging me uh in the yin carry trade and oil and things that were illustrated in that photo. Um and then also we had the XRP Ledger Foundation uh put out a tweet that looked a lot like the BG123 snowballs uh on the banner and saying that tomorrow is going to be a good day. So again, you know, people also talk about things going 360 full circle. 5* 8* 9 is 360.
Um, so if Ripple is acquiring Circle, I don't know, man. There's there's surely there's some stuff there that you can connect. Again, I take it all with a grain of salt. Uh, it's always very entertaining to look at all that stuff.
Um, but you can go down the rabbit hole and get sucked in and it's hard to get back out of there. So with as much as we have to execute on every single day, I candidly I don't have the time uh any longer to do that. Um when when I was doing the M&A and first got into crypto, I spent a decent amount of time looking at all that stuff. So and and portions of it are how I put together my theory. Again, kind of like icing on the cake. It's not everything that it's based off of, but you know, the yen, the 10-year Treasury in Japan, um, you know, Bitcoin, Tether, many of those things were illustrated by these anonymous accounts over the years. Um, you know, can you call that valid? Eh, uh, could it be, you know, putting that out into the ether so maybe other people could figure it out? Maybe. Uh but all that being said, you know, that's my tenfold hat for you guys for today. Uh we'll see what this week holds, but I I think it could be a really good one. I I would be happy to see uh Ripple make that acquisition. I would also be very happy to see um it seems like things are escalating over there with Israel attacking Iran and the US getting involved. I wouldn't be surprised to see oil jump a little bit tomorrow.
Disco Yoda, they say. Jake, my Mando, what's up, dude? Uh, could you describe how you handled your first or second larger price appreciation event? Uh, love to hear about highs and lows or pitfalls that we can learn from your experiences.
Um, so I've talked about the chain link deal before. uh when when I invested in 20 and 21, you know, I was investing somewhere between five and 25 grand uh in each one of the positions that I took. I took 13 positions.
Um it's wild to to watch like go to dinner and be up for the day and you're excited and you go to dinner and then you're worth twice as much as what you were before dinner as after dinner. Um it it's a surreal experience. It's hard to even describe. Uh you feel very giddy and euphoric and um like like it can't stop, but it can. It definitely can. Um and that's where the pitfall is, right? Um the the best piece of advice I would give people if you're in a speculative market, not necessarily you driven a utility driven market, but a speculative market, people dollar cost average in like they get that, right?
But people don't dollar cost average out and they also don't have a plan for that money. I didn't. I sold and was like, "Oh no, now I have taxes. What am I going to do with this? How am I going to offset those?" Oh no, it was in my personal name. Like you don't have those epiphies until there's a problem.
So structuring yourself from the beginning, making sure that your assets are held the right way um either in trust or in an LLC or at least some way to be able to protect them um and mitigate taxes is an absolute necessity if you believe you're going to have millions of dollars uh or a liquidity event that that's large that's that large.
um lows, you know, there was there was multiple that I wrote up and I was like, "Oh, well, I'll sell a little bit when it gets a little bit higher." You know, stupid. Um should have should have taken profits sooner. Should have scaled out again the same way that I scaled in instead of trying to make, you know, ek out every last penny. Anytime I've ever been greedy, it's excuse my French, but it's bit me in the ass. Um you you know the the world giveth and the world take it away. Take taketh away. It's uh you just want to make sure that you're protecting yourself, mitigating downside risk if you can uh taking chips off the table. Sometime some for some people that's just their initial investment.
They take that out um once they see a four or fivex on something and then let the rest ride on the house and then you know you're at least principal protected at that point. Um, if you are going to take additional profit beyond that, I would have a plan for it. One way to be able to mitigate the taxes and also structure it in a way where you know you're buying another asset with it, don't sell it to buy a Lamborghini.
Um, I don't think most people watching this are going to be doing those things.
Most people aren't egotistical or gluttonous or um, but and I'm not saying don't do things that you've waited on, right? like enjoy the fruits of your your labor, but at the same time try to structure that in a way where it's in a tax advantaged way or you're being smart about it. Or if you have to defer that gratification just a little bit longer in order to be able to do it the right way, I think that that's probably a better choice and that's hard to do. It takes discipline to do that. Um, so imagine, you know, you you sell some crypto, it's XRP or whatever it is when it when we see price appreciation and um, let's say you you clip a couple million dollars and and you know, you need that million dollars or a couple million dollars to buy the home that you want as an example. Um, maybe you finance the home, okay? So, you know, don't necessarily want to keep the wife waiting if that's what she's been waiting on. find the home. Maybe it's, you know, $3 million home. You got to put 600,000 down. The other 1.4 you would probably want to put in um some type of multif family property or real estate or something to be able to offset the tax implications that you just had through cost uh a cost seg analysis on the property. Uh or you could put it in an opportunity zone.
Opportunity zones get 100% right off the first year. You got to hold them for five years. Um, and then you can, you know, roll out of them at the end and use a 1031 to be able to continue to defer the taxes. So, you know, work work with professionals, find professionals to be able to help you navigate that.
Um, but understand like what you're going to do with the profits you're taking. Have a plan beforehand and and have multiple plans. Okay? There's a lot of people that have just one expected outcome like the, you know, the Dana person that says it can't get to $10.
They're they're going to sell at eight bucks. Okay. If it gaps, the chart gaps to a hundred bucks, that person's not going to have a plan for that amount of money. Um, so, so have a couple different plans, have contingencies depending on the different outcomes that are going to take place. I'm confident in the outcome that I believe is going to take place and that's what I've planned for, but that doesn't mean I don't have plans for lesser price appreciation if that's the way that it goes. So, I would just work with a, you know, certified financial adviser. um somebody that has their 65 or their CFA uh or their CFP, you know, somebody that can help you actually think through the tax implications, how to structure it properly, um navigate that, look at life insurance or other tools and products to be able to mitigate taxes and get structured the right way. What can you do now to be proactive versus what can you do postp price appreciation? Um you're going to be you're going to be a philanthropist one way or the other.
It's either going to be willing or unwilling. Uh if you want to pay it to Uncle Sam, he's going to dole it out the way that he thinks is best. Or you can make donations to, you know, a private foundation uh that you set up or a donor advised fund or a charitable remainder trust. There's a lot of different ways that you can structure that on the philanthropic side. So, you know, we do all of that. Again, not saying you have to work with us. Uh I'm sure that we will be very overwhelmed uh when things move here in a if they move in a short period of time. Uh we've done good to you know staff up and build systems that are scalable. Uh but there will still be frictions. It will take us time to get through everybody if there's you know a rush toward the door. Uh but we will absolutely do our best to navigate that if that's the outcome that takes place.
So we're here for you if you want to use us but there are other great professionals that are out there. We just try to aggregate them and make it very easy and streamlined to get access to the right people uh that do have the actual expertise to be able to help you.
All right. Uh lots of people on the no sound thing. I'm glad we got that fixed.
KT baby. Uh Rick Johnson. Oh, he's going to clap back. He says, uh, hopped into Doctor Who's Tardis, and, uh, traveled back in time, 80 million years, and got eaten by a pterodactyl.
No, wait. Uh, it was a bald doughut spare that she marked KT Babies got eaten.
Rick Rick has a wild imagination. Um, he comes up with some pretty unique stuff on here. Appreciate the super chat, man.
Hope you're doing well.
Um, yeah, rest in peace, Hondo, CEO. Uh, very tragic to hear that. Um, again, prayers go out to his family. Um, having to deal with that on on Memorial Day.
Um, we have CK13. They say, "Thank you for teaching wealth, accumulation, and preservation. Uh, an Onan member facing terminal cancer. uh but use my trust and Onan governance uh structure as a template uh for his ohan I'm not sure what an ohan is uh you are guidance gave him peace and his final days that's the real value you know thank you for the super chat and kind of bringing that to people's attention um I'll share a story with you guys so before my dad passed way. He knew he was going to die.
Um, and he put on a good face for the people that were around him. But I I had talked to him five weeks before he passed away, before he ever got sick with CO. And long story short, you know, he told me he was tired and that he had really kind of done everything he wanted to in life and that he had really kind of lost the will to to live.
and he had structured he had a will that he had put me in as the executive um when we he had split with my mom when we were younger and I I was young at the time. I was probably 20. Well, I was probably 18 or 19 when they split up and I moved in with him and um you know he made me the executive on there. I have a sibling and so I'm the older one. And anyway, it got down to be his his final days.
Um, and I remember calling him and talking to him because I didn't go to the the hospital to see him. Um, they wouldn't let me in because it was co anyway, but I I really didn't want to see him in that kind of shape. I wanted to remember him how he was, you know, when he was healthy and smiling and playing with my son.
And so, um, you know, I called him and just check on him and talk to him and kind of get the stuff off my chest I needed to, um, and let him do the same. And he was concerned. Uh, he gave me, you know, the the password to his phone. Um, and he told me where to find stuff so that I could take care of everything for him.
And I think that gave him some solace.
But I know that that was weighing on him, you know, as as he was lying there passing away. So, if you have this stuff set up, you've had conversations with your family, they know where things are, you've got it structured the right way to make sure that there's not going to be infighting or problems with the family. Um, it's just a peace of mind like you just said there for people. Um, and what's the cost of that, right? Like it's hard to put a price on those things. I think he probably he thought he had things structured the right way, but he never gifted anything into the trust or moved any accounts into the trust name. Uh he had tried to set it up online with Novo Trust and he even went and had an attorney, you know, draft some stuff and and notoriize things, but he never moved any of the accounts. He didn't he didn't know what to do or how to do it. Um, and that's one of the reasons that I'm so adamant about working with people to get things done the right way because luckily, you know, my brother and I were pretty amicable and my my stepmom, which he never married, um, you know, we we were all fine. Nobody was at each other's throats or but it could have been. It's not like it was a small amount of money. She she ended up with most of it and rightly so, she had to put up with him. Um, my dad was not uh the easiest person to get along with. Um, so anyway, thank you for sharing that and and I would just second it. If if you are, you never know when your time is.
And that's, you know, the the wonderful and horrible thing about life. Um, death is an inevitability. Nobody likes to talk about it. It's not fun. Uh but if you if you're responsible for other people, um you have an obligation to make sure things are good for them, right? Especially as the man in your family or or lady, either way. Um if you feel that obligation and you want to make sure that they're taken care of and it it's done, then you should probably take the time to do that stuff. And again, it's it's tedious, it's boring that you have like not fun stuff to do, but um just as a responsible adult that is a caretaker of other people, I think that is part of your obligation. So um anyway, thank you for sharing and in the super chat and hopefully you know you guys got some value from that. I try to share my life lessons and things that I've experienced um that I think will help people navigate whatever they're going through or will go through.
Uh Alisa uh or Ellis, not sure which one it is.
I'm butchering it either way. Sorry. He says, "Brother man, so I'm assuming this is a dude." All right.
Sorry. Sorry, man. He says, "Appreciate all that you do. uh and knowledges you share, but why are you the only person who sees past $20?
Not the only one. I'm just the only one that hasn't been beat down by so many people uh that, you know, there's there's been almost all the other content creators. Um and I don't really consider myself that. I consider myself more of a businessman that does this to be able to help people. Um and maybe that's the difference, too. I'm also not not bought and paid for. Uh we don't have any sponsors on this channel besides Decent. You know, they're the the cold wallet solution that we advocate for and if you use the link, we get like five bucks if if you use it. Um but you know, I sponsor the channel.
Digital Ascension Group and the mastermind and everything else that we do is what pays for this and I take time out of my day uh because I enjoy doing I get a lot of fulfillment from coming on here and answering questions and sharing my thoughts. Um, my real thoughts unfiltered, you know, have to be careful with compliance and stuff and be thoughtful about that according to my attorneys and give my disclaimers. But for the most part, I'm pretty candid with you guys. So, I think that's the difference. I don't answer to anybody but myself. Um, and so for that reason, I can give you guys the real deal. And a lot of other people like to point to my content about the high prices because they don't want to say it themselves.
Um, which I don't know why. Like there's there's very sound reasoning as to why this will take place. Uh, and I've given everybody the road map on the order in which would have to happen and for that outcome to transpire. So I don't know. I I I think if if I had to, you know, point some point to something, that's that's probably it.
But, you know, I I don't think anybody else is going to say, again, I think a lot of people are just kind of beat down. They they've said high prices before and then not been able to justify those or explain it in a way where it was understandable by the majority. And therefore, you know, over time, they just get to the point where they're conservative on things.
Uh, love for life says, "When we have rapid price appreciation, does DG have a plan action uh action plan mapped out?
Uh, you will undoubtedly be swamped with emails and phone calls."
We do. Um, we have really taken the period since New Year's to be able to build out uh the infrastructure to be able to support substantial inbound. uh we had really substantial inbound toward the end of last year and our team's very experienced with that and they also saw where the holes were, where the ball got dropped um and and how we can do better.
And so over the last five months, six months almost um you know, we've really taken the time to fortify those systems, bring on people, train them the right way in order to be able to scale up and meet that demand when it comes. I think we could probably onboard couple thousand people a day on the wealth management side. Um we could do the same thing on the LLC creation uh and regular trust creation, the revocable living trust creation, the complex um you know irrevoc or irrevocable um the DAP digital asset protection trust.
it's, you know, married with the dynasty trust and trigger trust. Um, that's a little bit more time consuming. Uh, we've built out AI models in order to be able to build um the family constitution and those documents in order to be able to help our estate planners navigate uh what's right the right structures to put in place for each each person as they come along. They are also using AI heavily to be able to draft those documents appropriately. Um, we've done a lot of legal work uh in the back end with attorneys that we know uh in order to be able to get this done and streamline it as much as we can because we do believe there's going to be significant inbound on that side. Um, so yeah, I mean a lot of the main pieces that people are going to have to start with, we've streamlined those to a point where we could intake, you know, thousand people, 2,000 people, 3,000 people a day um when that move happens.
Um, I've, you know, our goal and the company knows this. We've had multiple conversations that we want to be able to serve somewhere between 50 and 100,000 people globally, uh, over the next couple years. And I think we'll need to um you know if if we execute on the rest of the stuff that we're supposed to be doing then we should be the avenue that's legal and compliant and has all the disclosures and and helps you navigate and mitigate risk around participating in different products um here domestic in the US and abroad depending on which jurisdiction you're in. So um we've done a lot of work on the legal side, the compliance side to make sure that we can handle things at scale. um went through our SEC audit, went through uh the fund audit for the first year. Um good on that stuff. So, um yeah, I I think that we've we've really worked hard over the last five months to make sure that we're in a position to be able to handle that situation when it does inevitably play out. And we're excited. We're excited to work with you guys.
Um we've got uh BL the Beasley. They say, "Jake, thank you for all that you do for us in this space. My question is is question is, I'm a DWP customer and I've already set up an old Gloria account. What is the timeline for the yield product?" Uh, the yield product is a four-letter word uh DAG at this point.
Um, I'm hesitant to even give a timeline at this point, and I and I'm not saying that to sidestep the question.
The infrastructure that exists for wealth management in crypto is nent in comparison to what's in tradi. So I give you the example and the main reasoning that it's been difficult for us to be able to get this product to market to be able to run separately managed accounts or SMAs where we're able to provide this to all of our clients instead of just accredited clients um is cumbersome. It it doesn't exist. uh then that's why the majority of people have run fund structures and that's why we started there um for being able to generate returns on XRP.
There are a couple players in the market that we're talking to, prime brokers and and others that have solutions, but when you're margining an asset, there's a hurdle rate and there's also volatility risk. So, in order to be able to hold those assets inside institutional custody with Anchorage or another counterparty that we're comfortable with to make sure that your assets are secure and not rehypothecated, um there's some hoops that we have to jump through on compliance and legal and infrastructure. Uh we've got to do it with credible parties that we underwrite the risk on and understand how they're using that margin and what products. Um it's not like it's just a flip of the switch and cool off you go type thing.
um especially for how we're structured.
Uh we we are beholden to the SEC. We have very high standards for compliance and due diligence and risk uh that we have to adhere to and but I think that's also part of the reason that people want to work with us, right? They know that we are beholden to that counterparty and others, FINRA included, and we have to be doing these things and the risks have to be disclosed to our clients. And um I think that gives people a little bit more of a warm and fuzzy rather than just throwing their stuff in a DeFi protocol and calling it good. We had another exploit today on Arbitum, Ethereum, and uh one other network. Uh $4 million in vaults were drained uh and then replaced with a synthetic, you know, uh token that was not worth anything.
So just stuff like that, right? There's always going to be risk in smart contracts and other things. We need to make sure that stuff's insured, segregated, bankruptcy, remote. Um, ideally, it's held with a QC. Um, and we have multi-IG and other things on the wallet. So, you know, and again, not saying this to sidestep the question, we are working, everybody at the company at DAG knows that this is our number one priority to get a yield product across the line. Um, and it is all that they are working on. I can assure you, uh, myself included. So, uh, if it were that easy, other people would be doing it here in the US. There is nobody else that has this here in the US. Um, there are a few people offshore that are in other jurisdictions that aren't quite as stringent, um, that allow, you know, for you to partake in certain yield uh, generating structures uh, which would be considered securities offerings here in the US. And that's why they've geoenced the US because they don't want US participants uh participating in their offering because it opens them up opens them up to uh litigation with the SEC uh for soliciting um you know US investors without proper disclosure and structure.
So um that's where it's at. Um, believe me, uh, my team is is very aware that this is the number one priority, uh, that we're working on.
Um, we've got Rick Johnson again. Uh, Mr. Mr. Johnson, uh, he says, Rodman, I have a joke for you. Uh, job interviewer, what's your biggest weakness? Applicant, my honesty. Job interviewer says, to me, honesty is not a weakness. Affant says, "Uh, I don't care what you think."
That sounds like my business partner, Max. Oh, Max Avery. Uh, he'll he'll he'll shoot you straight. He he doesn't sugarcoat anything, which I appreciate.
Um, kingdom within me. I love the name again. I always got to say that. They say, "Hi, uh, name of Canadian insurance specialist."
Well, funny you should say that. Um, I've got one on my actually in Yeah, I've got one on my calendar here. Um, what type of insurance is going to matter uh for the context on this. Um, but let me find that meeting.
Um, Muhammad Mahad Muhammad um, he is with where'd he go?
uh taxp partners.ca uh is who I would recommend. So he does deal with life insurance and structuring insurance products for Canadians. Um so mahad m ah a d I don't know if he wants me to give out his email on here but you can imagine what it is. I gave you the website. It's taxpartners.ca.
if you want to just go to that website and fill out the forms and whatever they need. Uh I'm sure that they would love to have a conversation with you and help you out. He does taxes up there. He does accounting. Uh he also helps with jurisdictional transfer. So if you're moving from Canada or another jurisdiction to Dubai, uh he can help structure those things as well. Um does insurance there in Bermuda and many other things. So that was actually a really good conversation that I had with him earlier this week. Shout out to uh Canadian Crypto for having me on their podcast. Met them at uh Futurist last year and he's had me on Twitter spaces a few times and I was on there with them.
They sponsor um their Canadian podcast.
Um Circle, they're a bunch of jerks.
They're they're not though. Uh I've talked to Circle. They're good people.
Um I remember when they pivoted from their previous model where they were paying out yield on Bitcoin um to just mutual funds and boring boring business.
Uh and obviously that was the right play with the regulatory environment that we had over the last four years before Trump and the new administration. Um they were able to gain significant market share and now they could be being acquired by Ripple.
Javelin Blue says, "Jake, uh, getting pretty desperate. Just want to know XRP is going to take off. Thanks, brother."
Um, like I've said many times, it's the macro catalysts that are going to push it to where it needs to be. Uh, until those things play out, we're not going to see the price appreciation that a lot of people are hoping for. But I do believe that the perfect storm is right off the horizon. Uh, as things are progressing here in the Middle East and escalating. Um you've got Japan accepting stable coins as uh currency for inter remittance uh international remittance and transfer uh as of June 1st. So uh if that's any indicator on when things are going to move, I don't know, but uh we'll have to see how the next seven days play out. Big Joe, he says, uh good afternoon to you and the tea lady carbon one member here. Uh, in your opinion, thank you for being part of the mastermind by the way, and thank you for the super chat. Uh, they say, uh, in your opinion, what is the bare minimum of XRP you need to become a millionaire? First round of price appreciation. Uh, God bless you and the team. Um, on the conservative side, I I think we could see something around 50 to 100 bucks first. Um, so we'll we'll go on the lower end of that. So that would be 2,000 XRP at 50 bucks a piece. Is that right? Or 20,000 XRP. Yeah, I think it's 20,000 XRP. My handydandy calculator always misses zero and then people give me um they talk talk mess after I can't do math real time here. So let's call 2,000 time 50. Yeah, you need you need 20,000. 20,000 XRP would give you a million bucks at uh $50 each. I think it's going to go higher than that. I think it's going to gap closer to 100 off the rip and then not too not too long after that likely going to move to four digits to be able to facilitate back in settlement of the stock market.
So that's my thesis. I could be wrong.
I'm just one guy. These are my opinions.
You know, don't base your whole financial future on anything I'm saying here. It's for entertainment educational purposes. Um but I know people have that question, right? So, uh if you're asking me, you know, point blank, that's the answer I'd give you. uh 20,000 I think is a safe number to say that you know at $50 or higher you would be a millionaire.
That and I just want to say this also being a millionaire doesn't get you much these days. Uh back in the 90s like that was a big deal. Um but today you know with the cost of everything you really can't even retire on a million dollars.
uh you need somewhere between five and$10 million to actually be able to retire and live off the interest on it at a conservative interest rate and not eat excuse me not eat into the principal significantly over time. So you know uh you're probably shooting for more like 5 million bucks and for that you would need 100,000 XRP at 50 bucks a piece would give you uh $5 million. Is that right?
Yeah, five bucks would be 500,000. So add a zero be 5 mil. Yeah, that's that's enough for like quote unquote FU money, right? Uh before that, yeah, you're you're probably still going to have to work. You have to do other stuff. Although you could supplement your income pretty nicely with, you know, a million dollars working for you in XRP. Uh Big Joe again, he says, "Good afternoon to you and the tea lady." Oh, we already did that one. Um, snow snowsar butchering it. Um, he says, "Jake Grock says that $12 XRP in 2030 is more reasonable." Well, yeah, it's more reasonable. Uh, the the fastest way to being broke is being reasonable uh or realistic. Um, he says, "Is more reasonable than $100 because of ripple rippling and netting. If you owe me 10 bucks and I nine only moves one, not 19." So 20 to 30 billion daily, not five to trillion, not five trillion thoughts.
Um yeah, I mean rippling and netting definitely help on the network. Um you still need enough liquidity to move that value though. So again, I've talked about the LLMs before. I think it's great that people are starting to adopt those and search things and use that as a search engine. I still don't think most people have really unlocked what is really doable with the AI today. Like creating agents that can go work on your behalf and creating skills that they have to review things through and and governance around when they have to bring things things, you know, to you for approval versus just being able to automate it and execute it themselves.
Um that's the unlock and that increases productivity because they'll do all that while you're sleeping, you're sick, you're on vacation, whatever else. Um, but you know, just asking an LLM something, they're also probabilistic and not deterministic.
So, what that means is depending on how you answer or how you ask the question, it's going to answer a certain way. Uh, I don't remember, we were sitting on the couch last night and I asked the LLM something and my wife said, "Well, you it answered that way because you asked it that way." And she's not wrong. Like, depending on how you ask the question is depending is is kind of how it answers it for you. So, you have to give it a lot of context. The LLM doesn't have. If you don't build in a skill that is, you know, it reviews everything through every single time before it gives you an answer, you're going to get slop. It's not going to give you, you know, actual answers on stuff. Um, as an example, so the AMMs are going to be fixed tomorrow.
Uh, there's a couple fixes that are going to get pushed on the XRPL. Um, I think late in the day tomorrow. actually was 36 hours about noon today. So, it's going to be to Wednesday. Wednesday is when uh version 3.13 will get pushed for the AMMs.
I was asking the LLM if you know XRP could facilitate backend settlement of the stock market, you know, solely on the AMMs and it said no.
Uh that's for routing payments and and providing liquidity uh and settlement.
it's it's not for reconciling the back-end trades on on the stock market.
But I said, "Okay, well, what if you paired that with Project Ion?"
And it did research and it looked at Corda and R3 and what they developed with the DTCC for Project ION. gave me some statistics on it and it said uh actually if you paired the AMMs with the uh with project ion you could facilitate backend settlement of the stock market at scale for the number of transactions and liquidity required if XRP was somewhere between 500 and $1,000 and again that was predicated on like a billion to five billion XRP being used for that settlement uh and reducing the amount of times that that XRP is used per day to less intent.
So, you know, uh again, those those are all constraints that you have to give the LLM, you have to feed it, otherwise it's going to give you answers outside of the scope of what you're looking for.
So, uh unless you have all that context, it's not just going to go out and find it. Um you have to be very specific when you ask chat GPT or rock or uh Claude any of these things. And again, if you don't have a skill that it's run through for the context to be able to answer it the right way, it's going to give you just arbitrarily whatever it finds on the internet. And if you're also not providing it with um your educated guesses and criteria, then again, it's not it's not going to be very accurate.
So that would be my, you know, value I could provide on that is make sure that you are, you know, really giving it specific questions. And this is something else I was actually talking about with um we run some family office events and the gentleman that we coordinate those with, we were talking about it earlier on and you know he he asked me, we were having a higher level conversation. He said, "Do you have these highle conversations frequently?" And I said, you know, occasionally I do, uh, but most the time I'm, you know, kind of simplifying things or making things analogous so that people can understand them. Um, and I'm in that conversation, I was thinking through like fourth, fifth, sixth, tenth orders of actions beyond whatever was currently going on.
Most people are looking at just the first thing that's right in front of them right now and maybe you know a day or two or a week later based on what's going to happen with that and and with that they don't have the context to even ask really informed good questions. Um, and that's really what it takes to get the the LLMs to give you good information is very specific questions.
Uh, just like you would ask for, uh, when you come on here if you want, you know, a certain answer.
Um, Don Taylor, uh, they say question, ROSD is backed by dollars. It's not backed by dollars. It's backed by treasuries or cash equivalents. Um, so that means banks still need to keep the money moving in nostrovostastro accounts. Um, so if that means XRP is still needed for settlement since ROSD accounts for volatility. Yes, you have that exactly correct. Uh, if you don't have to preund accounts and you have a DEX uh that you can settle through or the counterparty receives what they want on the other side of the transaction without having to preund stable coins or other currencies. um that would be the ideal outcome and that would unlock all of that capital instead of just exacerbating Nostrovostro accounts and pushing that to 50 trillion globally because of all the stable coins having to be held uh with the different counterparties to settle with them.
So yeah, it's right on point.
I'm going to go all the way to the bottom and I'm going to work my way back up on the super chats again. Uh if you're here, uh always forget to say it.
Please like, subscribe, share, hype. I guess you can do the hype thing over here on uh YouTube. Now, if you guys wouldn't mind hyping this and putting some points toward that, uh it would be very much appreciated. Uh it does help the algorithm. And again, you know, trying to uh get to 200,000 followers over there on YouTube. If you guys could help me get there, I'd be very, very grateful. Thank you so much for subscribing and participating on here on a regular basis. Again, I got a lot of fulfillment from coming on here and answering questions and helping people out. Um, hopefully, you know, it's mutually beneficial for you guys.
Um, Max Electricity says, "Max here."
Hey, Jake, mastermind social. Awesome, dude. Glad to have you in the group. Uh, he says, "DWP question. Soil XRP for yield. Bless you in the tea." Thank you.
Uh, I've looked at soil. Um, so they are doing private credit um, and lending that out. I don't know what they're lending against. I need to better understand uh, the types of loans that they're making and how they're underwriting that risk, but they they look to be structuring this in a way where it's going to work with liquidity pools on the XRPL. So, currently that amendment only has like nine or 10 votes. It hasn't been passed yet. uh but when the liquidity pools are live on the XRPL uh there will be a broker that sits in those pools and they will underwrite the risk uh on whatever the investments are going to be made or how the borrow and lending is going to work uh out of those pools and there'll be an arbiter also in case there's a dispute between people uh so that there's legal there to be able to handle that they have oversight and can review all the transactions very quickly to see who's uh at fault or who signed what and didn't have you know fulfill on their side. Um but yeah, I again soil would be uh available for international people that are not domestic here to the US. Um the way that it is structured, you are contributing assets uh to somebody else in a pool pulled vehicle and they are then putting those assets to work in some capacity to be able to generate returns and pass those back to you. That would meet all the prongs of the TAWI of the Howy test and be in my mind a securities offering. So until we have DeFi regulation here in the US, um we're just going to consider those pools and things as securities offerings. Uh and that's why a lot of those again like I mentioned before have geoenced the US because they know that that could be considered that way and they are trying to uh navigate that situation and not have problems with the SEC or the US authorities.
So uh if you're international, yeah, cool. Check it out. Um, again, I that's one of them that I haven't sat down with to actually have a full conversation and and kind of look at how they're doing it and and what they're investing in or how they're underwriting the risk on the loans that they're making. So, for me, I would need to do a lot more due diligence before I felt comfortable advocating for soil. But not to say that they're good or bad. I'm I'm indifferent at this point because I I'm ignorant. I don't know. Um, so that's where we're at with it. um would love to talk to him if you guys want to put them in contact with us. Uh our CIO Lewis uh would be heading that up. I actually sent it over to him earlier today because I got an email about it which may have come from you um about that topic. So I'm sure that it's on his list of things. Um he's again working on a yield product. Um so just so you guys know none of this is yield.
I want to make that very clear. Um, all of these are returns on XRP. Uh, there are no structured yield products. This is not like annuities or a mutual fund or something where there's a guarantee of returns. Uh, the majority of these DeFi protocols have a spread that they're going to pay you. Um, and they're going to continue to be able to pay that over a period of time depending on what they make. Um, but that's kind of their guarantee to the people that are participating in the pool.
And if there's additional upside, they're keeping the additional upside.
Like that's the business model. So they say, "Hey, we're going to pay you between this and this. And if there's additional upside, we get to keep that."
And hopefully there is, right? Like hopefully they crush it and they make a bunch of money. You get your standard rate or the high end of that rate and then they make a bunch more than that.
Um the way that we like to structure things at Digital Wealth Partners or DAG Wealth is you participate both ways with us. So if there's substantial upside, you also get that. Um I know that people want something consistent to be able to plan uh certain distributions and outcomes on. So the way that we will structure it will probably be a minimum um and and I don't know that we'll cap the upper bound on stuff when we put together some type of product that you know is is an actual yield product. Um, but that's going to take some time because there's not really again like a specific way to be able to do that with the asset like staking. Um, there are some people working on some things that are similar to Babylon with XRP as collateral which would pay around 2% on your XRP that was staked with them, but they are going to be holding it. They can be rehypothecating it. They can do other things with it. Uh so again there's just a lot of risk and disclosures that need to be put in place for people participating in different things so that they understand how the assets are held the asurances around that insurance is it segregated uh are you a creditor um all of those things again like all of everything that we've built is very selfish for me because I want it done a very specific way and I can tell you that the institutions that we're working with are finally coming around on that.
They're seeing why I want things done a very specific way. Um and and we're starting to get some help on that front, which is very nice to see. Uh but the the industry is still in its infancy when it comes to wealth management and financial products and engineering around these assets. Um I think that that'll come into vogue at a much greater um pace later this year. uh in the second half of this year, you know, after June, I think that things are going to wind pretty quickly. Um, and we will be right there at the forefront of that with the products that we're able to offer. Uh, we did I did see a tweet from Evernorth today. I don't know if you guys saw that. Um, but they mentioned, you know, today was a slow day in the markets, but a big day for them. So, I don't know if their S4 got approved today and they're going to be finalizing that Spack this week.
I tend to think that they're going to finalize that around the same time that XRP price appreciation happens. I could be wrong about that. Uh, but you know, if you were close to Ripple and knew when things were going to play out and had that in your back pocket, you would probably position it where you were able to help with the demand uh for driving XRP's price higher. And Evernorth is a very interesting name. So maybe XRP will go Evernorth when Everth finalizes their spec.
Um, DK Goose 64 says, "Jake, after price appreciation, are there other ways to med mediate taxes and protect your investments without starting an LLC? I'm at an age that I'm not sure I want to go the LLC option."
What age are you at where you don't want to go the LLC option? Uh, again, so LLC is not right for everybody.
Uh there's a lot of different tools and things that you can use out there. Uh LLC is the lowest hanging fruit. Um there's many reasons that you would structure that for creditor protection, anonymity, the ability to mitigate taxes, uh or at least have the breadth of the tax code to be able to offset your tax implications that you do have for selling or generating returns with the asset. Um, separately of that though, um, one of the additional benefits is that you can gift small portions of equity to your family members. So, let's say you had, I don't know, uh, we'll call it 10,000 XRP, uh, or sorry, we'll say three, well, yeah, let's say 600,000 XRP. It goes to 50 bucks. You got $30 million. That's the total amount between you and your spouse that you could gift out of your taxable estate. Um, right now in 2026, uh, if you had, let's say you had a million XRP and it went to 50 bucks, now you got $50 million.
Um, that's above the gift tax threshold.
But if it's in an LLC, you could gift a small portions of equity to family members that you want to take care of and then get a 409A valuation done on that company and it would actually compress the value of the company by 25 or 30%. So you could squeeze that down to somewhere around 30 to $35 million and be able to gift more of the assets out of your taxable estate into a trust.
Now you can also use an intentionally defective grantor trust and be able to cycle things in over time. Um we have avenues and ways to be able to do this postprise appreciation with trusts, insurance policies, foundations, and many other avenues to be able to structure it the right way. Um so again, that's really going to depend on your long-term goals. uh you you pointed out your time horizon, your risk tolerance.
There there's a lot of factors that go into how you would structure things and an LLC is not always, you know, the number one solution. Just for 90% of people, that's probably where they're going to start.
Uh Andrew, Mr. Fuss, thank you for the super chat uh for the $20. Appreciate you. Um, Postmaster, she says, "XRP family, gold and silver." Um, I haven't talked about gold and silver here recently, but I will I will mention it just because it was brought up. Um, I still see silver pulling back to 50 bucks. I still see gold pulling back down to $2,200, $2,100. I don't think it will stay there very long. I think that that will happen when a reverse carry trade unwinds. I think that it's going to be a straight line down and a Vbottom out of there.
Um, but I see both of those levels as new support for both of those assets and I do believe that the chart is going to come back at some point and touch those price levels. So, can you pick it up when that's going on? I don't know. Um, do would should you sell now? I don't know. Um, depends on again a lot of factors and you should speak with your financial adviser before making those decisions. Uh I'm just telling you where I see the market going and when I would be looking to make uh an allocation.
Um Wisefit Wisfit again says uh hey Jake carbon one DWP member. Awesome. Glad to be working with you. Appreciate you being part of the mastermind. Uh they say thanks for all that you do. I'm 60 and old school and would love to sit down with my DWP adviser in person. Any ideas on when your office will be open in New York? At what point I will get a new adviser in New York to keep my or keep my current adviser? Uh you can do either or. Uh we're we're pretty amicable to people swapping around or moving to other adviserss depending on what's going to best serve them. Uh the client comes first uh at at DWP and DAG.
So if you want somebody local there to New York, uh the office in New York should be open in mid June. Um, I think in the next 30 days, maybe a little bit sooner than that, uh, we should have our office there uh, in New York open and available for clients to come visit.
And I'm sure uh, if you email us, if you email your advisor and they know that that is what you would like, uh, they will either connect you with somebody else there local or fly up there and meet you at the office when we do have it open.
Um, we just did that one for DK Goose.
always kicks me down or up in the chat.
Depends on which way I'm going. Right now, I'm going back up in the chat from the bottom. Uh because we're already almost an hour and a half in. Uh Willie Plank, they say, "Funny how Jake's biggest challenges aren't the questions and the macro things are all and all the crypto, but rather doing the mental game of this name or dude or female."
Thank you. Uh, God bless you and the fam. You know, if that's my biggest fumble, I I'll take it. Um, yeah, on the other stuff, I'm pretty solid. Uh, but, you know, to be honest, you geography is not my strongest subject. Um, spelling and reading and all of that. I'm decent now and I'm I'm fairly articulate and have a decent vocabulary. Um, but for the majority of my life that was not the case. I've worked on that pretty diligently over the past 5 years. And so, you know, there's still points where I'm trying to read something that I give you guys, if y'all want to really know, I'll I'll share a inside joke between me and my wife. I don't know if she'll find this funny or not. She'll probably like, "You sound stupid." Which I do on this one.
Just full full cander. Um, I don't remember. We were sitting in bed one night and I was reading a book and you know how people say tomato tomato. Uh it was like spaced out and had asterisks in the word and I was like tumatu or futatu like and it didn't even dawn on me that it said tomato tomato type thing. Um so I I this is real time. It's live, right?
It's not pre-recorded or anything. So, um, yeah, I fumble with names. I'm also working on that. I'm not the best at remembering everybody's name. I remember your face for the rest of my life. If I ever see you out in public or at another event or anything, um I and I will remember things about you and what you told me about your kids and like all the other things about you. Names, you know, um I'm getting better at remembering.
Uh, if I I'm trying to be better about saying your name back to you at least three times in a conversation. And if I do that, then I'll remember your name.
But if I if I don't get it three times, it's it's not perfect. I will say that that one of the things I noticed about Brad Garlinghouse is he is fantastic at that. Um, and everybody says that.
People that have met Brad one time 10 years ago will walk up to Brad and he will know their name immediately. So, shout out to uh Brad Garlinghouse and his ability to remember everybody's name. Uh it it leaves an impact with people and that's again why why I'm working on it.
Um Lulu, they say from South Africa.
Thank you for your consistency. You're instilling hope in someone from a third world country. I appreciate it. Jake, by the way, what are your thoughts on Stronghold SHX? Uh thank you, man, for the super chat and from watching from a third world country. That's like incredible. Um, we we asked where people were from in the mastermind, I guess it was Saturday, and to see all of the international people that were on there at at 9:00 am Central time was just wild. Um, it's incredible to have people participating in that community from across the globe. So, for you to be on here and doing the same, thank you so much for taking the time out. Um, as far as SA, uh, SHX goes or Stronghold, um, I think that they might end up getting acquired.
Um, Stripe looks as though that they're going to make their own token and and have something that does settlement within their own infrastructure or a stable coin that they provide to be able to do that. Um, I didn't have a great experience with Stronghold. to reach out to them when they first got started and and tried to set up an account for payment processing and they never got back to me. I called them. I emailed um their sales team. I don't know if they just didn't have a sales team at the time or they thought our account was too small and didn't want to work with us or or what, but um I was actually really excited about it. I like the idea. I thought it was novel. it's a niche that I think will um blockchain is very applicable for. Um but after that experience, it kind of gave me some pause in their ability to actually gain market share and grow at the rate that I think a lot of people would like them to. Um and again, you know, just as an example, I think Stripe currently processes like 3% of global uh payments for merchant services. Um, World Pay is who backs them. World Pay is like the majority. So, I would rather look at something like a World Pay issuing a a tokenized infrastructure and what token they were going to put out to market uh to invest in versus something like a Stronghold. Now, if they made an acquisition of Stronghold, yes, it's going to be the bee's knees. It's going to make a ton of money. Uh but if it remains a third party or a competitor to them, I I don't see that it's going to gain anywhere close to the market share that it possibly could and scale to. Um you just have to have distribution and because I don't know if you've ever tried to change merchant processing or payment processing. Um it is is a beating. Um, and so for those reasons, I I don't think they'll ever even get to 1% of the total payment processing for merchant services. Um, again, unless they get acquired, and if they get acquired by World Pay, Sky's the limit.
I think we would do fantastic.
Um, we've got Revenue Playbook Chronicles. They say, "Carbon 2, uh, what's up, dude? Glad to see you. This is legend. appreciate you, man. Thank you, uh, for being on our podcast uh, and Revenue Playbook Chronicles. Uh, it's crystal clear you are out to help a lot of people. Jean Little, if you guys don't follow Jean, go check him out.
Check out his podcast. I really appreciate him being um, you know, part of our community and having me on there.
Uh, he's got a lot of other business owners that are coming on to share amazing information and gold nuggets for you guys. So, uh, if you want to learn about, you know, how to be able to run a small business or scale a business or, you know, just how to be a better person, I think that he's going to continue to have fantastic guests on over there and I appreciate him for, you know, having me on his podcast.
So, that's Revenue Playbook Chronicles is his podcast and YouTube channel.
Uh, we got Fishman's.
He says, "Uh, can you comment on the theory that there's two XRP ledgers and that one of them XRP went up to $327,000?"
So there are private ledgers uh that are replicas of the XRPL that Ripple has trialled with many of their uh partners uh and the synthetic XRP or the XRP 2 or whatever you want to call it on that private network that have been trial with uh those different counterparties have seen substantially higher prices um than what the XRP on the main net on the XRPPL has seen. Now, people will say, "Well, why wouldn't they just use those?" They do. They are side chains or private networks that connect to the mainet, but you still need interoperability through the main net to be able to settle with counterparties if you're not going to use trust lines. And at scale, the routing through the DEX is probably going to yield you a better result for faster, cheaper payments than even the trust line might. So, you know, payment channels, trust lines, uh, implicit or explicit subnet on the XRPL, all of those things allow for, you know, a significantly higher or more scalable solution than the private siloed networks. uh and I think at some point the private ledgers that are used in that capacity by the different counterparties will merge with the mainet when the price of XRP is high enough to start facilitating trades in those ecosystems.
Um at least that's my thesis on that. Um I'll say you know I won't I won't name who at Ripple. Um, we've been to Swell three years in a row. Uh, this will be our fourth year in New York and nobody has said that explicitly to me.
However, um, I ask a lot of good questions. I think they're good questions. Um, they give me more information without the other party having to feel like they are being too forthcoming or saying things they're not supposed to.
Um, and I try to respect the privacy and NDAs and other things that other people have. Uh, but I still want to have like some understanding of things, right? So, I'll ask things in a specific way and I get certain answers and then I have to infer things from there. Some of the conversations that I've had at Swell in the past have allowed me to infer what I just explained to you guys. So, anyway, we'll see if that ends up being the case or not. Again, I could be way off. These are educated guesses on my side. Uh so, you know, take it with a grain of salt.
Um we actually just did that one.
Um we did that one.
Sorry, still scrolling back up through the chat here. Uh we're almost an hour.
We're a little bit more than an hour and a half in. I'm going to try to grab the rest of these super chats further up in the chat and then we're going to wrap it up. If I miss your super chat, uh again, I'm sorry. that'll get everybody. If I miss it, please send it to us in DM on another social media platform or you can email it to [email protected] uh and they will get it over to me.
Uh just another recctor says, "Any advice for anyone that is in the 02 to 0.1% ranking on the XP rich list and also reaching retirement age 61 now? Is an LLC a good option for someone that just wants to retire?" Yeah.
Yeah. There's nothing wrong with that.
You'd be able to manage the XRP, uh, have anonymity, creditor protection, have it structured, be able to mitigate taxes on the income that you create off of it. Uh, you'd retain control over the asset. You'd be the manager. It would be, um, member managed and it' be a, you know, sole proprietorship, which is what it sounds like you would want to do. If you do have a spouse and you want them involved, you can make them a manager on the organization. Uh, they can have access to the accounts at Anchorage. um you would probably qualify for that if you are in that type of ranking. And so, you know, if you want access to institutional custody, you don't want to have to think about the keys and the cold wallet and have the risk of an exchange going down and becoming a creditor. Um we'd love to have the conversation with you about that. Again, there there are other people out there that do similar stuff to us. Nobody that's quite like what we do uh to the standard that we do it, but um there are other options out there. Um, but the LLC, you know, again, we could help you do that. You can go to appap uh.digital ascensiongroup, just like it's spelled behind me.com.
Um, and if you go to app.digital ascension.com, you can set up the LLC in the app for 1,500 bucks. It's streamlined. You know, your name doesn't appear on the filing. We get you the registered agent, EIN, articles of organization, u maintain all your corporate documents for you so that you have the creditor protection. uh update you on everything, make sure that it's all good to go. So, um yeah, again, not for everybody. I don't know if you have kids. I don't know what your long-term plans are, but just for retirement, that's a fantastic way to structure it.
Um you could also do an IRA, uh ITR, and there's a few other parties including ourselves that do IAS. Um, and I think you can contribute in kind into the IRA. Um, if it's a Roth, you know, you can at 61, you could do $7,500 for this year and last year.
So, it' be a total of $1,500 in cash or in kind that you could put in an IRA.
Um, with the amount that you have, you know, that might be, you know, a tax advantage way that you could continue to see the growth of the asset and continue to receive distributions taxfree off of it. uh over time.
Um again, speak with our financial advisors. If you want to work with us, you can go to digitalwealthpartners.net uh and they will be able to navigate that and walk you through all the different options that you do have.
Um Onan means family or ohan ohana.
Ohana means family. Um I said ohana.
My wife always got to correct me.
I love her. She makes sure that I stay in my lane. Um, they say, "When the IMF intervenes with the BOJ, Bank of Japan, does the change of from does the change of from a free floating to managed market cause BOJ to be more transparent and stop artificially suppressing their rates?"
Um, yes. Yeah, they're they're going to have to move. They're going to have to raise their interest rates if the IMF were to come in uh and invoke, you know, what they need to do for their monetary policy. Uh ohana is how you what it mean it means family uh there in Hawaii. And I should know that from Lilo and Stitch.
I should have known.
Um we've got uh Henry. He says, "Evening Jake. Hope you're well. I hold a Caribbean community passport. Which of those countries would be the best for structuring? Thank you. Um, a lot of people do stuff out of the Bahamas. The Bahamas is pretty lenient in comparison to Cayman or Bermuda on how things work there, but there's a lot of tax advantages to being in the Bahamas. Um, Cayman is another good jurisdiction, both of those. Um, Panama is a US territory and that's not really in the Caribbean Islands. Um, yeah, I would look at the Bahamas or Cayman. Uh, if you have a passport or community passport there.
All right. Um, we did that one.
That one may have gotten through the super chats.
No, here we go. Uh GDT 37 uh XRP or 73 XRP says condolences to the Onondo family on Nathan uh Alman's passing.
Very sad news. Way too young to go. Uh rest in peace. Let's appreciate these young pioneers including Jake and Max.
Uh thank you for all that you do for the community. Thank you, man. Um yeah, it's sad to see, you know, younger people pass away. You never know what people are dealing with in their personal life or if they have ailments or other things. Um, you know, on that, I don't know if we should go down this road or not, but you know, life insurance is is a piece of that. Um, what we've been doing to be able to help people get stuff kind of in place before price appreciation if you have beneficiaries and that's a concern. You know, again, as as a father and a husband, I feel like those things are probably things I should have in place. And so, uh, I've set up a life insurance policy with our, uh, subsidiary. Carl Von Schwarz is our head up, the head of the insurance division at DAG, and he helped me structure that.
It's a term policy. So, with that, I was able to get my health panel done now.
So, if I have something come up later that's a heart issue or cancer or something else, um that policy is locked in based on that health panel. I can also um get early benefits on it if I, you know, have something happened to me um that, you know, keeps me from being able to work or do other things uh or I'm incapacitated. Uh and then separate of that if I want to convert that to a whole life policy or an IL or something else later on uh I have the capability to do that and it's far cheaper than you know setting up a whole life policy where you have significant cash you know contributions that you have to make each year. Uh but as your price your price appreciates on XRP I think people will have that additional cash at their disposal to convert those policies. So, um, if you are younger or older or you have beneficiaries or kiddos or other people that depend on you, um, I can tell you, you know, my dad paid through the nose on an insurance policy for the last two years of his life that did pay out for me and my brother and we were very grateful for that. Uh, did help, you know, with his funeral and a bunch of other things and it paid out very quickly. So, um, again, uh, had because of the life experiences I've had, uh, those are just things that I think about. Um, most people don't think about that stuff till it's a problem or they have a life event or a health issue. Uh, and then they think, a crap, I should have done that before. So, if you want to be proactive, you can go to exure legacy xle legacy.com.
Uh, and eventually that'll be DAG insurance, but today that's where it lives and you can schedule appointment with, you know, one of our advisors over there. And again, condolences to the Onondo family and and Nathan's family.
Um, be praying for them.
Um, Brandon, he says, "Just learned of the calc from Anthony and Mitchnik. Uh, which Grock numbers on liquidity supply and time between transactions per XRP numbers easily went to high hundreds, four to five digits, 1 to 10%, just DTCC 4.7 quadrillion.
Robbie knows what he's talking about, my man. Uh, he wouldn't be head of digital assets at Black Rockck if he didn't. Uh, Nitro says, "Uh, this is to Living Legacy. I wanted to publicly apologize to him for something I something back in April. Uh, I was very inappropriate and disrespectful in DMs. I don't know if he remembers me, but I'm very sorry." Well, I thank you. um that's not easy to do to admit, you know, if you made a mistake and apologize for it, especially on a public forum. So, thank you for that.
And I'm sure um he appreciates it. And um all we all we can do is get better, you know what I mean? Like everybody makes mistakes. Nobody's perfect. Um nobody's Jesus. So, um you know, owning stuff when you mess up and doing what you can to make it right uh goes a long way. And I appreciate you coming on here and saying those things. And like I said, I'm sure he does, too.
Um, YDGLB says, "Hey Jake, what is your opinion on Flare and Decent providing yield opportunity? Uh, and do you think there will be better XRP yield options in the near future?" Um, I think it's great.
I'm I'm excited to see Flare collaborating with a bunch of people um out there. Again, Flair also doesn't want domestic people here in the US participating in their protocol yet.
Um, they are Hu I've had Hugo on the show. You can watch the podcast that I did with Hugo.
Got to catch up with him a little bit um at XRP Vegas and actually got to play golf with uh one of one of the guys that works there, which is cool. We've developed a good relationship with them.
Um big advocate for Flare. I think that they are doing a lot of cool stuff over there. Uh we're still going through DD on all the stuff that they have, the vault infrastructure and the different providers that they're working with to be able to generate the returns on XRP.
Uh again, there's a lot of people out there calling it yield. There there are no structured products for yield for XRP. All of it is returns. Uh but they can, you know, pay within a spread and pay it on a regular cadence out of DeFi.
Uh and the way that they have the stuff structured, which is fantastic, by the way. Um, but you know, again, there are additional risks with that. And so, you just want to make sure that you understand how those assets are being put to work, how they're being held, is there insurance, how's it structured?
Um, we like Decent. We're an affiliate for them. I think they do a good job and um excited that they are on the forefront of providing different opportunities to generate returns on your XRP inside of your wallet uh there with them. So again, one of the main reasons we're affiliated.
Um, Jean, you didn't have to do so many super chats, man. Thank you for all of that. I'll send you some money back again. Uh, if you guys want to go subscribe to his podcast and YouTube channel. Uh, it is Revenue uh, Playbook Chronicles. Go check it out over there and you can watch the interview that he and I did uh, not too long ago. Um, be rad. Uh, Mr. Hopkins. He says, "In your opinion, what percent of XRP capture?
What percent does XRP capture from Swift, DTCC, Fed wire by 2030?
You might think I'm crazy, but I'm going to say all the money be RAD. Um, I think that it is the backbone of the financial system. I think that everything will settle through one unified layer uh and ledger and that is the XRPL and XRP.
Um the the Garrett Mendoza, he says, "Do you trust Doppler or anyone for yields?" Uh we've sat down with Doppler. I can speak directly and candid about them. They are international. Uh again, they've geoenced the US. You should not be participating unless you're using a VPN.
Uh which again I'm not going to condone or advocate for. uh because it does open up them to soliciting to US investors which could cause them complications for securities offering. So, you know, do whatever you're going to do. I you make your own choices. Um the way that they generate yield is the same way we do.
They just, you know, cap the spread and they pay it out on a regular basis because it's DeFi. Um I like it. I think what they're doing is cool. Um, and they're, you know, utilizing a lot of the same subadvisors and people that we do in order to be able to curate that return for the investors. Uh, but they are pooling assets. I don't know if they're doing it through a vault or not.
If they're doing it out of descent, then they may be doing it through a vault infrastructure, which would be similar to the SMA stuff that we're developing.
Um, so I'd have to better understand the mechanics behind that. If they are doing it out of an SMA infrastructure, then it wouldn't be well you'd still be yeah, you would need some type of agreement in place with them. It would it can't just be an open source protocol. Uh because they are taking a fee for what they're doing and they are also deciding how the assets get put to work and with which advisors. Uh so it would still be a securities offering. It would meet the prongs to how we test.
So, um, again, I've sat down with them, know those guys. I think that they're cool, very similar to what we're doing on the fund side. Uh, they're just doing it through a DeFi structure. Um, and again, we're all working toward the same long-term goals, right? Like we want this done in a compliant, regulated, insured, uh, structured way. Um, and make sure that it's okay with the regulators here in the US and the way that it's done. Uh, and and people get access to returns on their XRP. Like, that's the the endgame. So, um I'm happy that everybody's kind of focused on this now. Um we were the first people to ever launch a product for XRP. If we were onchain, we would be the largest um yield paying product for for XRP. We have about I don't know, even at today's price, probably 300 million uh dollars worth of XRP in the hedge fund that we manage. Um so, yeah.
Um, bad financial decisions. Nick Jake the man, the myth, the legend.
What's up, dude? Thank you for the kind words. He says, uh, just saw that Tether is planning on launching a stable coin.
Does that affect anything with XRP? So, USAT has been touted for a while. That's going to be US compliant stable coin.
Again, like I mentioned before, stable coins just exacerbate the need for nostro accounts at scale. you need a um a DEX that allows for settlement um that doesn't have counterparty risk like Tether. Uh a lot of the reason that people don't want to use certain stable coins that aren't issued and audited by themselves is they don't trust the other counterparty and they also don't want to enrich the other counterparty. If you're using somebody else's stable coin, you give them cash, they're buying the treasuries, they're generating the returns off of that. other institutions are going to want to issue their own stable coin, especially if it they can settle through XRP and not have to post collateral with a counterparty bank to be able to do it. So, um, no, it does not affect XRP's long-term outcome. It does affect Tether's long-term outcome, though, uh, because I think that they're going to have some issues with USDT.
Like, why would you be launching a US compliant stable coin if you were actually going to get the other stable coin to be compliant?
Just gives me pause.
church point is a is there any truth to ripple buying circle today on the low got faith in you Jake you ain't been wrong yet God bless cheers church point I appreciate the kind words um and uh you noticing that that my batting average is good I've missed some stuff and I don't think anybody has all the answers um but I'm doing pretty good I like I mentioned at the beginning of this um I think that it makes a lot of sense now that there's other stable coin issues in the market.
When it was discussed before the the word on the street was that the regulators blocked it because of antitrust laws. Uh but now um I think now you have you know Bank of America coin, you've got JP Morgan, you've got PayPal, you've got a bunch of other stable coin issuers coming to market. It's no longer really a monopoly if um they make that acquisition. And again, that would take them public. They've said that they're not going to IPO, but if they did a reverse merger or an RTO, that gives them a lot of power and a lot of leverage in what their share prices are going to start trading at when they go public. Um, and they hired John Bilch a couple years ago. Uh, he's their CFO and he's taken a couple other companies public. So, he has the expertise to be able to structure the books and do things the right way in order to prepare them for that. Uh and then separately recently they transferred all of their preferred shares to common stock. Um you would do that like that happens anyway when corporations go public. So if they were planning on doing this, you would have to do that before you made this acquisition and took the company public through reverse merger. Um, so it's just little things like that that make me think that this is more plausible. Um, and actually a likely outcome and for that to be leaked today. I don't know what the purchase price is going to be.
I don't know how much cash they're going to have to put up. If there's going to be an equity swap, I'm sure that there is, you know, because Circle again is worth 28.12 billion. Uh, Rippled on their last tender offer was worth 300 or sorry 550 billion 50 billion. $300 per share was their last tender offer. and for them to be buying back as many shares as they have, uh, it's helped them structure these acquisitions that they've made. So, this would be like out of all the different ways that Ripple could go public.
This one gives them the most leverage and and I really like this outcome if that's the case. So, I'm advocating for it. I'm I'm going to say that I'm leaning more toward it's legit than it's not legit. I I think that I'm going to go out on a limb and say it's legit.
We'll see. Again, I'm not perfect. I've missed other stuff, but if I if I had to call it and like give you a call one way or the other, I I think that they are going to make the acquisition of Circle and it'll be a reverse merger and that's how Ripple will go public.
Um, we've already did the done these.
Um, I think I got through. I'm going to Oh, we got one more here and then I'm going to go to the bottom. Uh, Da Vinci Ripple, Davich Davich Ripple says, "You said they can't kick the can much further. Who's kicking the can?" Uh, Lionel Messi.
Messi could kick that can a long way.
Um, look, so I think people think in different time frames and and my short duration time frame is a few years. Um, I try to sit in a position where I think over multiple decades. And so when when I say short term, that's kind of the period that I'm talking about most of the time is a two-year time frame. Um, if it's less than that, I'll give you guys, you know, actual time frames, which I've been told not to do by my legal counsel at this point. So, probably won't be doing that specifically. I will say that I am watching May, June, July very closely. Um, there's a lot of things and things there's a lot of things happening in these three months uh with Japan, you know, and the stable coin issuance and accepting those for counterparty transactions and international remittance. um and providing you know basically accepting that as legal tender. Um you got the tokenization of the stock market in July which has now been you know there's hearsay that that's been pushed out but I haven't seen anything formal from the SEC saying it has been. Um you need you know distributed ledger technology. The first place that that's going to be implemented according to the president of NASDAQ in her commentary with Monica Long last year as well was on the back end of the stock market before they tokenize equities or ETFs. So in my mind, if they're going to start triing that or implementing it in July, you would need that in place first. You would need T plus zero. So that means two months, next two months, well really one month, you know, um we should see some implementation for that. And the only way that that's actually going to work is XRP's got to be a substantially higher price.
So again, these are just my opinions uh and educated guesses on things. Take it for, you know, what you will. Uh, don't make any financial decisions predicated on the information provided here. It's always for entertainment, educational purposes. But, you know, I, again, I like to give you guys the real deal. I don't try to beat around the bush on stuff.
Um, how's it going, big dog? What's up, Sam? He says, "3 shift here again. Uh, if the Clarity Act doesn't pass till 2027, when are you thinking the DTCC will give regulatory regulation for crypto? So, Japan will decide the reverse carriage trade. Thanks again.
Um, Japan is going live with their stable coin stuff on June 1. So, I wouldn't surprise me to see the OC come out this week uh and give guidance on stable coins here domestically in the US for the banks. Um, they can do it anytime before July 18th. Their comment period ended May 1st. So if if you wanted, you know, the actual time frame is any point from now until July 18th. Uh but it wouldn't surprise me to see them kind of coordinate that with Japan.
Um Fresco, they say currently at 4,000 plus XRP on the road to reaching 50,000 to be able to come in as a client, work with you and Digital Ascension Group.
Hopefully price stays where it is uh at for a while to reach my goal before 2030. Uh I'm happy either way, Fresco. Uh I'm just glad that you're here and you see what's going on. Um and you're you're taking action towards something that you believe in. Uh hopefully again you you spoke with a financial adviser before making those choices. Um, I candidly I don't think you have that long, my man. Um, I'm not saying that to be disheartening, but we we've been here for a long time. Some of us seven, eight, nine years, uh, waiting on this to actually be implemented. And 2026 is the year that we're going to see institutional adoption at scale for XRP.
And that means a significantly higher price uh for XRP in order to be able to actually fulfill on what Monica Long said earlier this year. So um again, not saying that to fearmonger or pressure you or do anything in that category. I'm just saying you know what I believe to be the case.
Um and we we will still love to work with you in the future. I'm sure that your the price appreciation will push you to the point in the not too distant future where we would for sure be able to take you on as client. Um wise marketing for DAG. Uh how are it systems, security systems and policies i.e. lockdown point management extremely important with remote workforce.
Uh we're very good with that. Um, I'm not going to disclose all the different stuff that we've done to be able to pass a sock audit, uh, because I don't want to expose any vulnerabilities across the organization that I don't think exist. But, um, that sounds like a leading question for somebody to hear something and then try to attack us. So, I'm just not even going to entertain it. um officially uh never in wrong never in doubt occasionally wrong never in doubt.
Uh says, "Hey Jake, Beyond Brook mastermind plus for yield products. Can we can explain why some entity would pay XRP holders yield on an annual basis? Uh what will they do with the XRP and won't they need to come after price appreciation when XRP is at a high and stable price?"
Um, I I think that that may be the case. You know, there's been some delays for us that I've wondered why things were delayed um with different counterparties and I felt like maybe price appreciation could be the holdup for that. Um, that's not what's been told to us in any capacity. Just that makes the most sense for how some of the things have occurred. Um, but all that being said, this is going to be a premium asset that people are going to want on their balance sheet to be able to use as collateral uh for derivatives and other applications. Uh, and so, you know, just like they'd be willing to pay you for treasuries, uh, as a bond, um, if you're posting this collateral with different counterparties for them to use it, um, they're going to be making way more money than whatever they're paying you.
Uh, and for them to pay you in XRP, they're going to have to have a pool of XRP that they're buying that in in order to be able to pass back those returns.
Um, the escrow could help facilitate that for Ripple and the different counterparties that might end up with the escrow um to be able to aggregate more XRP for them to be able to use.
They might be willing to pay some returns to those that are posting it in XRP. Um, but yeah, I I do think that we're going to have to see some upside.
Yes.
>> Don't miss register.
>> I told him not to post the super chat.
He can send it in.
>> No, it to.
>> Okay.
>> And if anybody misses superhat.
>> Well, I told him that and that's why you're running in here to tell me who I should answer and who I shouldn't.
Um, we've got Flynn. Uh, he says, "Uh, thank you for teaching wealth accumulation and preservation." Oh, we already did that one. Okay. Actually, I think I made it through all of the super chats before this one. So, I can go down here and get Rooster. So, I'm getting there. She just don't give me time to get there, you know. Uh, Big Mike. Uh, he says, "Uh, hey, uh, Jake, love you. Uh, I'm really hoping for XRP appreciation this year, at least thousand%.
Uh, how hopeful are you in that happening and how likely is the DTCC to accept XRP as their main asset to tokenize all? I don't think that they're going to use XRP to tokenize all. You've already seen NASDAQ and a few other exchanges partnering with different counterparties to be able to tokenize inside of their framework and on their uh infrastructure. Now, back-end settlement is a different instance, and like I just mentioned before, I'm extremely confident that that's going to happen here in 2026 and as a precursor to the actual tokenization of the stock market using these other networks. So, yeah.
All right.
Um, we already did this one for fresco.
Um he says Wayne Little um or Wayne Witty uh says, "What are the fees to custom crypto through Anchorage and will those go down if there's huge price appreciation? It seems a little steep at the moment." They do. They they go down over time. So the way that we've structured it is it's 2% for anything less than 5 million. Uh I think we still currently have a special going on for anything that's 1.1 million or more. Uh it's 40 basis points currently. So if you bring over 1.1 million in XRP or Bitcoin, um it it drops to 40 bips. Um traditionally, again, it's, you know, 2% for anything less than 5 million. At 5 million, it drops to 50 basis points or half of 1%. Uh over 10 million, it drops to 40 basis points or 40% of 1%. Uh and if you got, you know, over a hundred million or a billion dollars with us, yeah, we would love to bring that down even further for you. Um we will have to, right? because at that point you could negotiate significantly lower rates. Um but for us we get an aggregator type deal and so our rates come down the higher the more AUM that we have as an aggregate total we're able to pass those savings on to our client base. So the answer is yes. Uh they will definitely come down post price appreciation.
Um all right well we'll we'll do Rooster here because I've got it over here.
Appreciate living legacy. He says, "Uh, hope uh you're having a blessed night.
Carbon 2 member and I have Joe as my adviser at DAG. Great guy. I just realized you are the CEO of Syndicately.
I had a call with them the other week.
Uh, is there a way to get a hold of someone uh heading tokenization? Would love to chat. Um, you can email the team over there at [email protected] and they will connect you with me because I'm the head of tokenization for for Syndicately. Um, so for those that don't know, Syndicly is a endto-end fund administration platform for SPVS or special purpose vehicles. Um, we use that to run the private deals that we do uh there in the community uh for the Beyond Broke mastermind and uh other people use it also uh if you're either raising a safe round or you're raising private equity to invest uh or raising a round to be able to invest in other private equity. Uh you want to structure an SPV uh the platform does all the back-end compliance and admin so that you don't have to think about that and you can focus on raising capital. Uh we want to then you know be able to we we have an addendum on the PPM and subscription agreement that allows for tokenization of the SPVS that are created on that platform and we're talking to multiple people to be able to tokenize those and create a secondary marketplace for liquidity uh for people that are working on that stuff which I know that's a mouthful. I don't normally come on here and talk about that stuff.
Uh that's a separate project. Um, but I think that it's going to be a big deal for us. Uh, as things scale and the infrastructure is built out and more assets are tokenized, uh, we want to be able to curate different solutions in the market that uh, that are exclusive to DWP clients. And those SPVS are one way that we're going to be able to do that.
Um, KT Baby, I don't know if she's gonna clap back at Mr. Johnson, but she says uh uh so many prayers for Nathan uh and his family. May he rest in peace uh with our Lord. Um Rick Johnson, what is Jurassic Park?
Shout out to the mastermind. I love you.
She doesn't even understand your your clapback, Rick. Uh she she doesn't know what Jurassic Park is, apparently.
Um Willie Plank again says um price appreciation $10 up. What's the minimum to work with DAG?
We're going to have to be fair across the board. I can't afford people in the mastermind uh specific lower point on that. So for me, you know, we always want to take care of people that take care of us. Those are two separate entities. The mastermind is completely separate of Digital Ascension Group. Um, oftentimes, you know, because I do own both. Um, there's ways that we can kind of create promo codes and do different things as a as a marketing or affiliate partner. Um, so maybe there's a way to orchestrate that. I got to get with my compliance team and really sort through that. It really just depends on what price it goes to. I like I mentioned before, I think we could onboard another 10,000 people. Um, and we have the staff to be able to do that and systems to be able to do that in place or could scale them up quickly.
Beyond that, it would be difficult. Just being candid again our road map is 50 to 100,000 clients over the next two years.
um wonderful problem to have right champagne problems but at the same time uh we don't want to reduce our level of ser service to the people that do want to work with us and that would be difficult even with 10,000 people coming on to provide the level of service that we know that we're capable of and want to create as the standard. So, that's it'll probably be first come first serve. Um, and it'll likely be 10 million or more if I'm being realistic about it. Um, because if XRP goes to a,000 bucks and you got, you know, 10,000 XRP, that'll be $10 million.
Um, that'll probably be the lower bound of of what we're going to be able to just handle. Just again, I'm just being honest with you. I wish, you know, we've had to walk a line of expanding resources and capabilities and scaling infrastructure prior to price appreciation to make sure that we can accommodate the level of clients that we currently have and work with them continually as they scale. Uh we currently have about 4,000 clients at at Digital Ascension Group um on the wealth management side and about 8,000 clients, well probably 9,000 clients on the estate planning side. So, another 10,000 clients would put us close to 20,000 people uh that we would be working with.
And that would probably be the bandwidth. It would be really tight on the bandwidth for what we currently have. Um so, that's that'd be my best guess or educated guess on the lower bound for what we would be able to do.
Again, we'll still have the DAG app. Uh we're going to build, you know, continuity between the wealth management platform and the private client platform and the DAG app over the next three to six months. Um, and so many people, I'm sure, will use that application. Uh, you may have a robo advisor, access to the other yield products and things that we have there. Um, those are all things that we're working on. So, again, we want to provide people as much value as we can and meet you where you're at depending on, you know, any amount of XRP that you have. But, um, there's steps in that process. And so again, we biting off more than we can chew um tends to bite me in the butt when I do it. So I'm trying to get better about that just as a a business owner. Um so we may it may be higher than that.
Again, it all just depends on where the price goes in a very short period of time uh on what we're going to be able to handle and capacity that we have and we will scale as fast as we can. Uh, but there's still going to be limitations around that. Uh, we are past time, so I'm going to go ahead and wrap it up here. Again, appreciate you guys taking time out of your Monday night. Happy Memorial Day uh to come hang out with me. Please like, subscribe, share, hype it up uh if you can over there on YouTube. Appreciate you guys on X, Facebook, and over here on Tik Tok. Um, if you do want to work with us on the LLC and estate planning, all that fun stuff, uh, you can go to digitalfamilyoff.io IO uh and all of the products and solutions are there. Uh if you want the LLC uh and a bank account and trading through Uphold uh in our application, go to app.digital ascension.com.
Um if you want to partner on the wealthmanagement side, we would love to talk to you about what we have over there. Uh you go to digitalpartners.net.
And if you want to check out the mastermind and see if the community is for you, we have more in real life events than any other community in crypto except maybe crypto Mondays. Um, shout out to Lou. And then, um, you know, lots of other stuff there.
Financial education, we're building course material, uh, for everybody in carbon one or higher. Um, lots of awesome things going on. Private deals and much, much more over there in the mastermind. If you want to check it out, uh, you can go to beyondbroke.com and use the code beyond broke all capitalized, the number one, and then Mo like Mary Oscar gets you the first month for two bucks. Uh, appreciate y'all.
Hopefully you have a wonderful week. We will see you guys back on Wednesday for the next one.
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