Ripple XRP: Sal Gilbertie STILL Bullish – Will You Wait 5 Years for Generational Wealth?

Added: 2026-05-10

[00:00:03]Hey guys and welcome to the working money channel. This video includes paid promotion. So guys, we've got some murmurings that uh maybe we're seeing an alt season. Bitcoin is continuing to make its way up over the last couple of days though. We haven't seen that kind of strong momentum that we've seen over the last several weeks for Bitcoin. We did see a down day on Thursday. Last couple of days though have been uh well fairly unremarkable. I mean to be fair, today has just begun and uh we haven't really seen too much volume on the chart here. Um what I'm observing though are uh some people suggesting that cryptocurrencies like Onondo uh for example are taking off. Wow, look at that. Over the last few days here since the beginning of May, the Ono token uh did actually go up about 85%. It has corrected a little bit. So it's up about 61% as of the time of this recording.

[00:00:56]Uh, and another cryptocurrency. What was it? It was uh um D. What was it now? It was uh DAG. That was the one. DAG. The DAG cryptocurrency is another one. Take a look at that chart, guys. The DAG cryptocurrency uh since about uh April 24th, we'll call it or even let's call it May 1st. Okay, let's say since the beginning of May, uh, this one went up about 200 just over 250% and now it's up uh, hovering now around 161% to the upside. So, I mean, you know, when we take a look at the crypto space and we see fear and greed at neutral, we see uh several cryptocurrencies in overbought territory, we see the market cap has gone up, but not by a lot. We do see green on the chart, guys. Is an alt season underway or is this just uh you know some certain outliers really kind of just taking off and uh is there anything really to this? So let's take a look at some of the majors like Ethereum. Uh Ethereum still just kind of trading sideways coming up a little bit following Bitcoin uh fairly closely here maybe not as well. XRP another one of those cryptocurrencies with a big market cap number three in the space and it's just kind of chilling at $142. So, you know, I personally believe we are seeing some outliers really take off. And I really don't believe that we are uh in the midst of what some people are calling alt season. That's again just my opinion on things. If we take a look at the 24hour profit and loss uh and this is just for the top um the top uh 50 coins because for whatever reason you can only do the top 50 here. uh some cryptocurrencies like ICP, like Jupiter, uh Siren, they're all up uh 16, 15, 14% respectively. I'm just going to interrupt this video for a second.

[00:02:40]Here's a word from one of today's video sponsors. Before I continue with the show, let me ask you something real quick. If, guys, you've been holding XRP for months or even years, did you roundtrip? What has it actually done for you just sitting there? Most holders I talk to are just doing the same thing.

[00:02:55]They're just waiting. They're hoping.

[00:02:56]They're watching the market move. But smart money doesn't sit around. It works. That's exactly why I've partnered with Fortis X. Instead of letting your XRP sit idle, you can put it into liquidity pools and generate yield while still holding long-term. And guys, there are no lockups. You can withdraw at any time and they've been operating since 2018. So, while everyone else is waiting for someday, some holders are already compounding their positions quietly in the background. If you're holding anyway, well, why not have your XRP be doing something? For more information, check out the link in the description of the video. Remember guys, investing is inherently risky. Always diversify your investments. This is not financial advice. But guys, really when it comes to brass tax. Let's take a look at total three, that is the entire cryptocurrency market excluding Bitcoin and Ethereum.

[00:03:43]And um you know, as we're taking a look at this, we're seeing most coins still just kind of following the top five or top 10. So um you know, they're going to be some outliers. The other thing I wanted to just show you guys with regards to those uh cryptocurrencies, uh the altcoins, guys, we may see altcoins go up. This is 2022, by the way. We might see them go up 40% and then see them drop again by about 3540% depending. So, this was obviously the bottom. This was in and around uh December 2022. I personally still think there's still more downside to be had in this crypto market. Um, as you guys can see today, if we just take a look where the altcoins uh have gone uh from today, okay, we're up almost 20%, not even. And guys, we're still only in May 2026.

[00:04:29]CryptoCon here commenting on Bitcoin and the bare market, the time in the market currently, 391 days. The bare market is at 55% complete. So, he's uh, you know, taking the thesis that we're still in the 4-year cycle. He says we're 200 uh, sorry. So there's uh 391 days uh according to the average bare market.

[00:04:48]Okay, 391 days. We're 216 days in. The lowest draw down point is still about 52% and that's about 25% higher than the previous cycle. Let's take a look at the previous Bitcoin bare markets and uh let's compare them to today. So cycle runs and draw downs as you guys can see and we're taking it from the specific month. So May 2014 versus May 2018, May 2022 and May 2026. And you can see every single time, every four years, we have seen this draw down. We have seen it go up and then guys it does correct. So um you know we're 260 days in each other bare market has lasted longer than this.

[00:05:27]Uh so where are we in terms of that curve our current position here and guys market should be continuing to move down even further. Cryptocon was also commenting on the business cycle narrative with regards to this downturn.

[00:05:39]The business cycle narrative is back on the rise despite the clear failure last year which projected new highs for Bitcoin. So, who is conveniently forgetting that point too? Um, guys, be careful. Make sure you are investing in cryptocurrencies that have real value.

[00:05:55]Don't go chasing some random altcoins.

[00:05:57]You can follow what I'm doing over there at patreon.com/workingmoney channel. That is my inside view what my personal portfolio is going to look like. I give my Patreon subscribers more detail on where I'm buying in, what portion of my portfolio I'm allocating to certain cryptos. It is only $5 a month. You got to subscribe though and stay subscribed to lock into that price.

[00:06:17]We've got Eleanor Turret also commenting uh on the committee markup, guys.

[00:06:21]Apparently, we've got an official date, May the 14th. Now, that is uh now in the schedule. Okay. Uh, Thursday, May the 14th, full committee executive session, consideration of the uh, HR 3633 digital asset market uh, market clarity act of 2025. So, it has been confirmed. Uh, Vandal here saying, you know, the Clarity Act vote set by the Senate Banking Committee is set for May the 14th. I don't think it passes, though.

[00:06:47]He says though, if somehow it does, uh, it'll be a hype pump into steep drawdowns. The important part is when it eventually clears that's when institutional capital gradually starts flowing in not immediately. So um you know I tend to agree generally speaking guys we tend to see I mean who remembers the ETFs? Who remembers those FOMO pumps? I mean you know it's it's easy to have a memory like a goldfish in this space even sometimes I forget things but really guys we have to keep our eye on the prize. make sure we are getting in at the absolute possible lows. If you guys are in accumulation phase, if you're just hodling, maybe you should uh try to earn yield off your crypto with something like well I'm partnered with Forisex. They are a great option. Uh DW here says, "What makes you think it would be gradual? That implies global coordination, which definitely wouldn't happen. Uh it'll be a rush in as everyone will want a piece of the pie.

[00:07:43]It's doggy dog, not some civil event."

[00:07:45]Uh Dante here saying the Clarity Act will pass. Trump will sign it. Uh just like the Genius Act, at the last minute there will be news saying it's dead and all of a sudden a compromise will be reached. That could that's a very good possibility too. I mean we don't know but uh generally speaking capital you know institutional capital doesn't just rush into these things. They uh they generally take their time and they make sure everything is clear. We've got an XRP going for $142 at the moment. This to me is just a signal guys that the market is waiting and chilling uh waiting for something big. But we do see signs. We are seeing signs the amount of XRP being removed from exchanges has been building since April. Okay. And continues into May. This courtesy of Chad Steingraber. He is noticing this multi- exchanges daily depositing and withdrawals. Uh and these are the uh the transaction deltas. Okay. As you guys can see here all from all these different exchanges. The amount has been going up since April. So it dipped down a bit in late March and then uh since April it has been steadily going up. All the XRP being removed from exchanges.

[00:08:45]Early May saw the largest outflow so far. So people are purchasing, they're hodling. Uh but another in uh interesting observation here from Chad 2. Right now is the moment everyone in this space has been waiting for since the technology began. There is no greater moment, no greater opportunity than right now. Uh there won't be this moment again for at least another 100 years. So crypto adoption by institutions. Take a look at this. Okay, the categories here include crypto trading and custody, private crypto funds, crypto ETFs, crypto enabled payments and tokenization. Now, when you look at private crypto funds, that is that seems to be the most lucrative only held by companies uh that are really I guess really convinced or really do have a vested interest in making uh their portfolios uh super robust and uh in the hopes that they're going to explode.

[00:09:36]Private crypto funds. Okay, so when you look at all the other categories, it seems like all these companies are doing everything else. But the fewest green dots are in private crypto funds and that is reserved for companies like BlackRock for Fidelity, uh, Franklin Templeton, Goldman Sachs, JP Morgan, and Morgan Stanley and Wells Fargo. So some of the major banks and, uh, BlackRock, things that make you go, hm. Right. I got another one here from Brian Armstrong. Uh, apparently Coinbase, who's still using Coinbase, by the way, put it down in the comments section. Uh, Coinbase experienced an outage last night, which which is never acceptable.

[00:10:09]The root cause was a room overheating in an AWS data center when multiple chillers failed. And I think this is kind of the perfect meme for that, right? This GIF image from uh the Wolf of um the Wolf of Wall Street. I mean, it's it's kind of unacceptable, right?

[00:10:27]So, Coinbase uh there he's saying their teams are working around the clock. Uh, I mean, if you guys are round tripping and uh you're not using FortS, that's an option. I also like the option of cold storage. If you guys uh are holding, if you guys are self-custodying, I personally use the Ledger Nano. I also have an affiliate link for the Ledger Nano in the description of the video.

[00:10:44]You can use my affiliate if you want.

[00:10:46]You don't have to use it. Uh I've been using them since 2017. Keep some of my cryptocurrency there. I don't tend to keep everything all in one basket, though. Uh but it is an option, guys.

[00:10:54]Check it out if that is something you're interested in. You don't want to be uh in this situation where you're keeping your crypto on the exchange because exchanges I mean this happens with uh well cryptocurrency exchanges like Coinbase this is a major exchange and uh you know this is uh I mean quite frankly unacceptable in my opinion. Um guys we've got some more Ripple partner news though they're targeting the evolving MTO needing to expand the remittance market. So, a Ripple partner, they're drawing attention to structural shifts in the money transfer operator or the MTO model. As the remittance market approaches an estimated 95 billion global dollars, guys, almost 1 trillion.

[00:11:31]The post notes that average spending cost remains close to 6%. And so, what they're doing, Boon has just launched a new ebook on building resilient remittance operations for 2026, emphasizing corridor depth, liquidity management, and integrating uh compliance as performance drivers. It points to the need for MTOS to balance speed and regulatory control and to treat liquidity and treasury functions as sources of competitive advantage rather than pure back office activities.

[00:11:57]So uh guys they are also exploring uh diversifying a little bit and doing the thing that I think a lot more companies need to do is to educate the public on uh how you know remittances I mean if you're in the business how remittances are growing and how the technology is changing. Uh I also happen to see this guys from Ripple partner Teos HBL has gone live on Teos core banking platform covering 200 branches in this initial phase. So this is uh Hhabib Bank Limited. They've just completed the first phase of their migration to Teos.

[00:12:25]Teos of course is a global leader in banking tech. Uh they've been integrating the XRP ledger for about a decade now. And so this is the modernization program. The initial go live supports conventional and Islamic banking uh and includes a firstphase migration of customer accounts from 200 branches in Pakistan to the Teos platform. Once fully rolled out, this program will cover the bank's branch network and more than 400 million accounts. So that is uh big. Of course uh a very Muslim country, XRP is a Sharia compliant cryptocurrency. I've done videos on that. I'll see if I can find one and put it up here if that's of interest to you. A lot of these Middle Eastern countries, this is important for them. Deployment of Tamos's core banking is a pivotal moment in HPL's technology transformation. It equips us to drive innovation, product agility and scalable uh scalable efficiency. This is uh a large and complex project and Teos with Systems Limited have shown exceptional focus towards making this initiative successful. So Teos uh knocking it out of the park for HBL bank in Pakistan.

[00:13:25]Another check in the right box there.

[00:13:27]We've also got Sentosumo Saba noticing this a very interesting observation cuz I remember this uh Chris Larson's original US e- loone company. Who remembers that? Did you know SBI Japan's loan comparison? So eloone.co.jp is connected to Chris Larson's original e-loan company and was SBI's predecessor. They invested in Chris Larson's ELAS in the late 1990s and launched Eloone Japan. If you guys don't remember, here's a clip from a video I did uh from back in it was like three years ago. It was more than that. Uh September 14th, 2022. Listen to this.

[00:14:03]Also notice this guys from Bulldep. An interesting fact that I did not know about. It was illegal to get a credit score before the year 2000. And so there was this company Elone. and ELO, which coincidentally enough was founded by Chris Larson, testified in Congress and unprecedentedly won the right to give people their scores. This is why credit scores are now available to any Tom, Dick, and Harry who want to get it. So, in his opinion, and this is just speculation, this is just kind of following the trail here, Ripple will also unprecedently win the lawsuit with the SEC. Look who is involved with Elone. Chris Larson, one of the founding members. Uh, and so before 2000, you weren't able to get your credit score.

[00:14:45]Now you are. And this was an unprecedented win for Elone. Now Ripple is in court. And this is also an unprecedented crypto case. This is going to make waves. And guys, it did make waves. I mean, it was an unprecedented win for Ripple. So the prediction kind of came true. I wonder if Chris Larson had anything to do with it. But uh, you know, it is also interesting the connection there with SBI. They're probably not a coincidence at all. Uh apparently Sal Gilbert Bertie made an appearance on CNBC. This is great guys.

[00:15:14]More XRP adoption coming. I mean this is the thought process here. Uh two obviously super bullish on XRP. Listen to this.

[00:15:21]>> What about XRP in relation to Bitcoin and Ethereum?

[00:15:25]>> Well, it's got a it's got a use case, a very specific use case. And in more in particular, the XRP ledger has a use case. So Ripple, the company has as its 13 or 14 year mission, however long it's been to move internationally value, okay, and and primarily money. And so their chain, their XPRL chain will be used for that. Um XRP is a part is a tool on that chain. And so um all of that will be used as it grows. And so that's all being built out. It won't be the only thing as Ripple itself says to people all the time, they're not going to be the only participant in this, but it's so big. You have to liken this whole thing to the internet in the 90s truly. And so that's where we are. We're we're in the '9s. We don't really know the the technologies that will even come out of the use of the blockchain and the bu these buildouts that are happening.

[00:16:14]We just know what's here now and the things that are growing now.

[00:16:16]>> Does that mean you think it's a bubble?

[00:16:18]>> Uh it's not even close to a bubble. No, it's not even close.

[00:16:21]>> Not the '9s as it pertains to just >> I I mean I mean the use of the internet.

[00:16:26]So if you take the take the uh the frothiness out. Okay. I mean, the development of the internet as a tool for business and every person in the world, that's that's happening with the blockchain and we're just at the very beginning. So, not a bubble. I'm really happy that Sal Gilbert uh put that one to rest very quickly. Uh it's the tech, guys. The tech is developing at its own pace. Uh we're almost there. Not quite yet. Can you guys wait 5 years? I wanted to just bring this up again. And this was from a couple of months ago, but Brad Garlinghouse did essentially say he predicts XRP investors will be very happy in 5 years. Now, just to go over some of those key points, Ripple CEO Brad Garlinghouse says investors could be in a very happy place within 5 years.

[00:17:07]Guys, that would bring us to the year 2031. The comment points to an accelerating institutional adoption of blockchain and tokenization across global finance. Ripple uh leaders say blockchain adoption happens through many small steps that eventually create exponential impact. As you guys heard uh just from Sal Gilbert here, you know, it's going to take time. We are at the beginning phase. It's the '9s internet uh analogy that he uses there.

[00:17:32]Executives argue real financial transformation may take a decade despite low short-term price growth. So, you know, we've got the markup guys coming May the 14th. We could see that price fomo pump as per Vandal. We are sitting at a$142. Uh everything's looking very similar to former four-year cycles. So guys, where are you putting your money?

[00:17:54]If you guys want to hear where I'm putting my money, where I'm going to be buying the dip, follow me again.

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