XRP Adoption Is Growing! 2,500 New Wallets Per Day Explained

[00:00:00]Hello everyone. As with you always, this is Rich doing another video today on XRP.

[00:00:09]So, I hope you're all having a wonderful day today, wherever you are in this great great world. We're going to talk about XRP. And I got to start with this from Vet because everybody talks about lending, borrowing against their XRP and so on. He says, "Lending is upcoming on the XRP ledger. A lot in the XRP community want to know what to look out for before using lending protocol on the XRP ledger to lend out their funds for passive income. One, ask where the yield is coming from. You need to understand how your yield is generated. If it's too com complicated or risky, stay away from it. Keep it simple. Two, what is the reputation of the project you lend out your funds to? Make sure they have a solid track record, license, and insurance in place. Three, don't enter with big size of your life savings. Make sure you tiptoe into this new feature.

[00:01:15]Learn as you go. Start small. I would never put my entire bag out there, especially in the beginning. But take notice, he also tells you ask where the yield is coming from. And that is very important. I see all these different projects offering 8% yield, 20% yield, 12% yield. Where the hell is that coming from? That's the biggest question every single XRP investor should ask before they put their XRP out there to earn yield. But I wanted to share that with you because a lot of people, they don't ask any questions. They're just like, I want to reap the rewards. I don't care what the risk is. Always know the risk.

[00:02:06]T-Ro just launched an active crypto ETF trading live on New York stock exchange Arca. Portfolio includes Bitcoin, Ethereum, XRP, Salana, Hyperliquid, not passive, not single token, a $1.6 trillion asset manager actively picking XRP as a winner. It listed as number three. And I asked rock, will T-Row active ETF hold XRP? Yes, T-RO price active crypto ETF is approved to hold and position it as the third largest allocation.

[00:02:46]A lot of these ETFs pop up and the first question you should be asking is, do they hold the actual asset? Because a lot of these ETFs, they don't actually hold the asset. all the spot ETFs do.

[00:03:02]And the reason that you want to know that is because if you start seeing a lot of value, a lot of money pour into these ETFs, you want to see if they're taking XRP out of circulation at the same time. And this comes from Smoke.

[00:03:20]Expect more altcoin ETF filings after the Clarity Act passes. Now, a lot of people are saying this about Black Rockck. They're saying Black Rockck is waiting on clarity before they offer a spot XRP ETF, but if Black Rockck wanted an ETF for XRP right now, they would already have one. I do think the Clarity Act will open up for other institutions that need to make sure there's laws in place first, but Black Rockck, they would never wait on clarity. They would just do it. Fireblocks institutional crypto adoption is happening with or without the clarity act. Take a listen to this >> just yet. And joining us to discuss the developments further in the global legislation is Dea Marova, policy director at Fireblocks. DEA, thank you so much for joining us. I guess we could start with that with the US Clarity Act stalling. What's the first real market behavior change that you're seeing when it comes to institutions on the ground?

[00:04:19]>> Thanks for having me. Uh I don't know if we see a massive change of behavior, right? Um so I think when when we're having the same conversations about genius it was about the US sending a signal to the world that the economy is ready for digital asset adoption and putting the dollar on chain with clarity is different on one hand um we strongly believe that it will put the industry on a much more substantial uh legislative footing and clarity regulatory clarity on the other a lot of these decisions have already been made at an agency's level so we don't see a slowdown um in in terms of our client interest institutional client interest in digital assets adoption >> do you think that this regular regy delay is pushing liquidity and innovation and maybe even infrastructure decisions offshore or do you think that's a little bit of an overstatement?

[00:05:00]>> I think it's a little bit of an overstatement. Um I think that um I think the commercial activity is never only determined by a regulatory decision-making. Right. So the US is highly energetic, very well um financed market. So we don't see institutional activity moving offshore just because there's ups and downs on whether um clarity was at 60% or 50% or 40. So what they're telling you is that we will see institutional adoption with or without the Clarity Act. But I would argue I don't think we would see full institutional adoption without it. I think a lot of these institutions, especially the smaller institutions, they won't get into this space until there's laws in place first. But I also don't believe that it's pushing all these companies offshore. I think anybody that wants to build in the US, they're already building in the US.

[00:05:56]Every single day, around 2500 new XRP ledger accounts get created. They all need at least one XRP to be locked away and marked as unspendable for the base reserve to activate and maintain an active account on the XRP ledger. That's true for the everyday person as well as for an AI agent transacting on the XRP ledger. And you see the ledger crossed 8 million activated accounts. And some of those are probably AI agent accounts as well. But think about it like this.

[00:06:35]Right now it cost one XRP to get an account and that XRP gets locked away.

[00:06:42]And it's easy to do that when XRP is sitting at a dollar. But what about when XRP crosses $100? Now all of a sudden it cost you $100 to get an XRP ledger account. What about at $1,000? All of a sudden it's $1,000 just to get an XRP account. You see where I'm going with this, right? As time goes on, it's going to cost more and more to open an XRP ledger account. And some people, they just won't do it because of the fact of that. They're like, "Well, I'm locking away $100 right out of the gate, or I'm locking away $1,000 right out of the gate." But there was a time where it actually cost 10 XRP to open an account.

[00:07:33]And it's that the same would go with AI agents as well. It would still cost the same. So now would be the time to get that XRP ledger account or that XRP account going while the price is still cheap. But this is how they always figured retail would eventually get pushed out of XRP. There was multiple ways over time, but that was absolutely one of them. Ripple CTO David Schwarz says a million dollars per XRP is far more realistic than just a dollar.

[00:08:09]Whether you agree or not, that statement is already fueling the XRP community.

[00:08:15]That's not what David said at all. He just said that if the price is higher, it takes less XRP to move say a billion dollar or even a hundred billion dollar or whether it be even less money. It doesn't matter. XRP at a higher price makes more sense when you're moving value from point A to point B. But he never said that XRP needs to be a million dollars per XRP. I wanted to clear that up because I see people saying that all the time. He was giving you a scenario and he was explaining why the price can't be cheap forever. The US House will hold a hearing on the crypto market structure bill today. I meant to mention that this in that previous video. I want to see what comes of this because right now a lot of people believe we're not going to see the crypto market structure bill at all.

[00:09:19]They think it's going to get stopped and it they think it's going to go past the midterms. I'm still thinking this gets done right at the last minute. All of a sudden it just gets pushed through and then we got our clarity.

[00:09:35]The idea that tokenization makes gold obsolete is historically naive. Gold has outlasted every fiat currency, every empire, and every monetary reset. Its role will become even more important this decade. It's not that tokenization is going to make gold obsolete. Believe it or not, tokenization will bring more value to gold because now you can move the value of gold in a matter of seconds for less than a penny.

[00:10:07]Right now, you can't do that. So, this is only going to strengthen gold going forward. And this is already happening on the XRP ledger as well. Tokenized gold just surpassed $1 million in trading volume on the XRP ledger. Just wait until it surpasses a billion dollars, then a trillion dollars. What tokenized gold does is it kills the narrative that Bitcoin is digital gold because tokenized gold is actually digital gold because the gold would be stored somewhere in a vault and then tokens would be issued against that gold. So say for instance you had a pound of gold, right? And you wanted to move that the value of that all around the world. How would you do it? You would tokenize that one pound of gold, take it to something like the XRP ledger, and then it could be moved just like any other token.

[00:11:13]XRP withdrawal activity hits five month extreme on Coinbase as exchange flows turn negative. XRP users are increasingly moving tokens away from major cryptocurrency exchanges. So, you could look at this in a couple of ways.

[00:11:31]Is this the whales moving a lot of XRP off the exchanges, pushing it into cold storage ahead of something big happening? Or is retail finally waking up and realizing you don't buy your groceries at the store and then leave them behind? Is retail waking up finally and starting starting to get their crypto off of the exchanges? I always told people, you know, not your keys, not your crypto. So, you cannot rely on an exchange to store your crypto because there's way too much risk with that.

[00:12:12]That's why it's important to get it off of there. And I'm still a fan of cold storage wallets. A lot of people keep saying, "Well, now you shift it. Now you're working with Caleb and Brown, and that changes everything." No, it doesn't. My same thought process is the same. I have multiple wallets, and I stretch my crypto across those multiple wallets cuz I don't keep all my crypto in one place, but I also have crypto I want to pull the trigger on. That's what I have at Caleb and Brown. This way when the time comes I could pull the trigger on it. Now the one thing that I definitely tell people is you're not going to store a million dollars on a Ledger wallet or a Decent wallet. You got to have a better solution. Right now it's not that important for most people because XRP is down still. But what if XRP broke out and you became a millionaire? Are you gonna keep that on a decent wallet? Absolutely not. You have to have a game plan for if that happens. And that's why I like institutionalra custody. It's a lot less worry in my opinion. And until it all happens, stay patient, stay positive, and let's get rich together. With that said, I'm going to wrap up this video. I want to thank you all for watching. I appreciate all of you. I'll see you in the next one.