TRUMP EARNS $1.4 BILLION IN CRYPTO?

The Guys talk about Trump's meme coins!

Transcript

SPEAKER_01 0:11

What I understand, this is kind of their loophole in the ability to be able to um generate yield. And if the Clarity Act were to pass, um, it would remove this option. So for everybody to be joining that tells me that they're pretty confident that the Clarity Act doesn't get through, at least in the version that it currently sits, which somebody's been telling you guys that for a long time at this point. Um Polymarket is now starting to agree. You've got you know other people starting to agree. And like I've said before, I would love nothing more from the for them the Clarity Act to pass. I just don't see unless we have a significant catalyst that really just pushes Congress to the edge. And even at that point, Trump has said that he will not sign anything until the SAVE Act is passed. So and they're not working on that legislation next. He's already denied one thing that they pushed to his desk. Um I just I don't see it. I don't think that they're gonna want to pass the SAVE Act because they want some voter fraud and manipulation. Maybe I'm wrong on that. I'm not a politician, um, and I'm also not in Congress. Um but what I will say is there are so many headwinds against the Clarity Act getting passed this year before August recess. I'm gonna move my I was 95.5, I'm now 98.2 on it. I am 98% sure that the Clarity Act does not get passed before the August recess. Um, and if we get back from that and they have midterms and some things from things do not shift wildly from where they sit right now, probably not in 2026. And then depending on how midterms go and who's in control of the House and the Senate, may not even happen in 2027. I don't like that. I want the industry to progress. I think that that's gonna hold a lot of other blockchains back. Uh, I think that the SEC and the CFTC have been able to pick winners at this point because they've come up with you know 16 that they view as commodities, and that's what's gonna be used. But at some point, like we've talked about this for a long time, there's gonna be a huge consolidation of the entire asset class. There can't be 50,000, 60,000 cryptos. I think somewhere between 50 and 90 total networks globally that have real-world utility and unique use cases. Um, that's what's gonna be left after the consolidation. Tether, another big piece of that. Uh, supposedly today was the day that they got delisted over there in the EU. I didn't see any implications for Tether. Um, but that doesn't mean that the reverse carry trade on binding won't have any implications for Tether. So we will continue to watch that. But um that's where I'm at on Clarity. I don't I don't like to be in that position. Uh again, would prefer that it would get passed, uh, but XRP doesn't need it, which I've saved for a long time.

SPEAKER_04 3:09

Good morning, everybody. Hello and welcome back to another episode of your favorite crypto news related channel. And we've got some massive updates in regards to the Clarity Act that we're gonna provide this morning. As Senator Cynthia Loomis said that the Clarity Act is officially finalized. And although Jake doesn't think the Clarity Act will end up getting across the finish line, Johnny, the polymarket odds are down, crypto sentiment is down, but I will not be backing down. I am gonna go out on a limb. Even if this is the Titanic, I am going down with the ship. I believe the Clarity Act will be signed by President Trump in the calendar year of 2026. And we're gonna be providing some new evidence of that during today's episode as well. We're also gonna be breaking down how President Trump earned $1.4 billion in digital assets over the last year. Trump alone made over $1.4 billion from crypto out of the $2.3 billion that was made by his families. Now, Routers estimates that the Trump family made at least $2.3 billion from crypto, while President Trump alone disclosed over $1.4 billion in crypto income. And this is something that we need to be paying attention to because this will be a key argument that is used against the Clarity Act, getting across the finish line. And believe it or not, we already saw those arguments being used last night as Senator Elizabeth Warren came right out and said, more evidence that our adversaries exploit crypto to move billions. The Clarity Act, as it's currently written, could make this problem worse. Congress should be strengthening illicit financial standards, not creating new loopholes. Well, here's where we got a great response out of pro-crypto politicians, Senator Cynthia Loomis. She stated the Clarity Act has 16 plus illicit finance safeguards, not loopholes. Section 201, Section 303, Section 305. If you don't like crypto, then say it, but stop these baseless attacks. So we are watching the Clarity Act debate happen right before our very eyes. And I think once again, the calendar year of 2026 will be the year that utility enters this market and the United States ends up regulating this digital asset class. But I want to hear from you guys. One's in chat if you believe Clarity gets across the finish line this summer. Two's in chat if you think that does not happen in the calendar year of 2026. But Johnny, there's another tweet before even getting to the intro that I think our listeners should be aware of. The actual timeline is very pressing on the Clarity Act issue. We have to look at July 20th, the date of July 20th, as the last week when we could see the official text released and the final Senate floor voted on. So the countdown to US crypto market structure is officially on with July 20th through the 30th being that final deadline for us to get some definitive certainty on if we get clarity in the calendar year of 2026. But we already passed 1,000 live listeners, guys. If you're having fun, you're enjoying this content, smash that like button. Help us pass 589 on today's episode, and we're gonna be sticking around for a little bit of overtime. Now, one other thing, I was a little bit late this morning because we were recording a brand new Paul Barron podcast that will be released later this week. So I'll keep you guys updated on that. But Johnny, what's your reaction here? Jake doesn't think it happens. I think evidence is pointing in our favor. Floor's yours.

SPEAKER_02 6:15

You know, abs at this point, it's a little bit 50-50. You could take a coin and flip it. Uh, the only thing that that's got me leaning a little bit more towards over 50 is Trump. I know that President Trump is definitely going to, you know, we know that he's very bullish on this industry. We know obviously he's made a ton of money from it too. Uh so to me, I think Trump will be the deciding factor here. I do think it is going to be a challenge, though. I don't think this is gonna be, and this is not a slam dunk by any means. Uh, and I can understand why Jake is feeling at all. He was saying that he thought, what, what do you say, 98% chance it doesn't happen before August? You know, I I I don't want to say that by I do think that there is a good chance that we get it before August. So I'm um counting that President Trump is gonna keep the pressure on this thing very heavily. Because abs, the reality is this the one thing I kind of disagree with Jake is if it doesn't happen this year, I don't think it happens in 2027 either. I mean it's gonna be very, very hard in 27-28 if they lose the House or the Senate, because now they're gonna have less votes. You're gonna need you in the if they somehow miraculously are able to get it passed through, it's gonna be completely different. Because right now, the Dems have a little bit of leverage, but if they have a lot more leverage, right, the more Dems they have on the seats, the more leverage they get, the more, the more the bill changes, and maybe the less friendly it becomes to the industry. And so who knows, right? That's what I worry about. So I do hope that these guys get it done. I do feel this way. I feel all the senators that are leading this, like Loomis and Tim Scott, and of course you got Patrick Wood in the White House side of it. I think all of them are pressing very, very hard to get this thing done. I think they understand these guys are smart, they know the clock is sure, is ticking and time that is ticking away here, and that they need to move quick on it. But I do believe because of all those forces, you got the senators who understand this is urgent. You got President Trump who's probably beating on them saying get it done. You've got the industry saying, hey, we want to get this done too. I think I think we are gonna get it. And I think it's gonna be similar to what you talked about, where we heard the the uh the um the uh oh my god, I forgot the stable coin act, um, the genius act. Remember, like you said, it was no, it's I felt like it was never gonna happen, and then all of a sudden, boom, we get it. This may be a very, very similar thing that that I think you know may come to fruition in our lives.

SPEAKER_04 8:29

Well, I showed you guys this update previously, but JP Morgan is also now supporting the Clarity Act. We've got Senator Tim Scott saying we're going to get this done in July. Senator Cynthia Loomis said the final Clarity Act text is scheduled to be released on July 4th, and we're gonna have a house vote this calendar month. So I think there's major momentum behind the bill, but the money is the thing we have to keep an eye on. And during my conversation with Paul Barron this morning, we were talking about just how much money crypto companies have spent during these 2026 midterm elections. Ripple came in second place overall. Out of all the companies that were contributing, only company that contributed more money than Ripple was A16Z. They contributed 51 million. Ripple contributed about $49 million to the 2026 midterm elections. And to me, I thought that was a large number, but Paul Barron shared something, what I found to be a little bit concerning. The ABA, the Bankers Association, has already donated over $500 million to the midterm elections, over double what these crypto companies have contributed. And although $189 million is a large chunk of change, I think it will continue to have momentum here, Johnny. This isn't some small amount of value. This is a lot of money. Make no mistake about it. $50 million will move some candidates to be more pro-crypto, but $500 million, that's the type of money that we just simply can't compete with in the current state of the market. There's also some positivity on that front when you look at the long term here, guys, because we have pro-crypto politicians, but more importantly, we have pro-SEC and CFTC commissioners who are now advocating for clarity as well. Here's the clip.

SPEAKER_05 10:00

Also, you are promoting, you don't you don't have any problem with cryptocurrency. And the SEC is um, you're overlooking it, but you're not fighting over it, and it will flourish in the US.

SPEAKER_10 10:11

Well, so the president basically challenged us to make crypto, uh make the United States a crypto capital world. So we're doing that in the previous administration. Basically, the way that the SEC and other agencies treated digital assets was to blame uh to say that they themselves are evil, the assets, versus the bad people who might be behind some of it. So we're uh out to change that, to have innovators who fled the United States to develop their innovations abroad, bring them back here so that they can develop their products in the United States under American laws for American investors and customers, and then let American investors decide do they want to buy that or not and invest in it, and rather than have the government try to decide for them.

SPEAKER_04 11:00

Well, here's what's interesting, Johnny, is that if we don't get the Clarity Act done, BlackRock publicly stated that other countries all around the world will take advantage of this regulatory gap, provide their own regulation, and then draw these large companies offshore. And we saw a clear example of this. Like you'll remember back in March of 2023, we interviewed Jeremy Hogan, who, you know, he doesn't make crypto content anymore, but I'm sure thousands of people remember who he is. And he said that companies were approaching him to file inside the United States. And at that time, you know what he was telling them? Don't do it, go offshore. That's the type of conversations that are being had. And these conversations will continue if we do not get the Clarity Act across the finish line. So there's major incentive there. But let's even take it one step further. Because as we know, Japan is unwinding. We've got a massive reset on the horizon. But President Trump was just confirmed to be making over $1.4 billion off of his own crypto investments. President Trump is going all in on crypto. Don't make no mistake about it. And we're about to play a CNN clip. So I'd caution you guys, stick with me through this portion of the episode. But we just passed 1400 live listeners. If you're having fun, you're enjoying this content, smash that like button. And if we pass 589, we have a standard, we stick around for some overtime. Now, Johnny, I would think I'd have the best facial hair on this channel, but we got the mustache man on screen right now who we're gonna listen to. So I'm gonna defer my facial hair status to him. And of course, that's a joke. But I would encourage you guys, we already passed 300 likes, smash that like and stick around because this is gonna be a very interesting portion of the episode. This is CNN talking about how President Trump made $1.4 billion last year, Johnny. But listen to the spin they put on this topic. Here it is.

SPEAKER_03 12:47

An industry he's actively promoted and supported and done policy executive orders related to. Is it legal?

SPEAKER_08 12:55

I don't believe so. Uh certainly I don't think it was contemplated by the founders when they created the emoluments clause. Um, I do think that uh uh one of the line items, of course, is the commemorative coins. Uh, you know, several hundred million dollars of of uh income related to those coins. Uh how can that be anything other than trading on his uh uh image and likeness uh uh in violation of the emoluments clause? Uh with regard to the crypto, uh obviously that's you know, it's it's a slimy industry. Uh you know, certainly the way he's going around it, where he creates policies that can only enchant himself and his family, uh, is something that I think the average American uh should be staggered by. Um but you you mentioned the scale, and I think the scale here is just uh um it's intentional. There's no question. I mean, we are seeing the greatest onslaught of corruption in the history of mankind uh in the last 18 months. Uh, you know, we we have the in the history of mankind, this man. 1.8 billion dollars um that uh he and Todd Blanche tried to take from the American taxpayers through the uh you know phony settlement of uh you know, we'll pause it there.

SPEAKER_04 14:03

That's enough uh social programming from CNN for the day, guys. But I want to hear from you. One's in chat if you have a problem with President Trump earning this 1.4 billion, twos in chat if you have no issue with this. I'm gonna throw our comments on screen because I'm really curious to see what our listeners have to say. But Johnny, let me get your reaction, then I'll share mine.

SPEAKER_02 14:20

You know, remember, so first of all, let me put in context. That was CNN, right? So we know they're always bashing Trump, but always gonna put people on the bash room. You know, why don't we put somebody out there and ask about Nancy Pelosi's trades, inside trading? How come we're not talking about that, Abs? That's okay for our Nancy Pelosi and the rest of the uh congressmen to make millions, not even millions, billions of dollars in stock trades and insider information, and that's okay. But then when Trump comes out and legitimately says, hey, this is my project, my coin, that's a problem. I mean, yeah, it just kills me. It'd be nice for somebody on the other side of the table to say, hey, well, what about that? But they're not gonna do that, right? Because they're out there to just have an agenda, it's an axe to grind and to slaughter Trump, and that's fine, they're gonna do that. And you could do that with one-sided conversations. The reality is we need to fix the problem on both sides. There should not be any insider trading allowed, and we should also make sure that if there's, you know, listen, if somebody wants to launch a coin and make money on it, as long as they disclose it, what's the problem? You know what I mean? I just don't understand the problem here. And and but well, I do understand it, right? I know what they're trying to do here. They're just trying to say, oh, you can't enrich yourself doing this stuff. But the reality is, but then they can enrich themselves doing insider trading. It's just it's hypocrisy at the highest level, hidden hypocrisy, because in this case they're only talking about one side of the conversation. So, you know, you just have to you just have to understand when you're watching one of these news channels, whether it's Fox or CNN or that, they have agendas and they're gonna be pro or against it, and that's what you're and you're only gonna get one side of the story. So I just encourage everybody like listen, don't even, don't even, don't even get your you know, hung up in that kind of stuff. Just look at it at the end of the day. Look, either you make an investment or you don't make an investment. Either you believe this industry, like he's talking about meme coins, right? Absolutely and I talk about every day. Do we talk about meme coins? No, we're talking about the blockchain industry, we're talking about cheaper, better solutions that are actually going to make the world a better place, it's gonna turn the stock market eventually, probably in the 24-5 or 24-7, right? It's gonna do good things for the world and for people, but yet what are we talking about? We're sitting here talking about Trump's meme coin. Yeah, you know, it's got nothing to do with the future of the industry, but here's what I would say at all. We're talking blockchains, but yeah, he's talking meme coin. Where is the conversation of about a cheaper, better technology that's gonna transform the world and make the financial system a much better place? That's the conversation that should have been happening, but you're never gonna hear that on CNN.

SPEAKER_04 16:41

Well, here's what I would say, right? I think a lot of people are gonna be frustrated with this narrative because the crypto markets have been in a downturn, and that's just a reality of the situation. If this market was creating brand new all-time highs and CNN tried to run a news headline like this, thousands of people who were also in profit would just roll their eyes and change the channel. But because everybody has experienced such dramatic losses over the last 12 to 15 months, Johnny, I think people are sensitive about their portfolios and I think they're very cognizant. Okay, how is somebody winning while I'm losing? And I can think that for myself as well, because I'm just like you guys. I'm down massively on my crypto holdings over the last 12 to 15 months. And I dug into the details as to, okay, well, how was he earning this revenue? And this is where I think it gets a little bit dicey, but we'll provide the details and let you draw your own conclusions here. Trump alone made 1.4 billion from crypto out of the 2.3 billion his family made. Now, the annual financial disclosure report for 2025, it showed earnings of 635 million from the Trump meme coin sales and almost $800 million from World Liberty Financial, including $520 million from WLFI token sales. Now, this comes even as both tokens plunged in value, with Trump and WLFI down 96% and 77%, respectively, from their peaks. And I wanted to show you guys this chart as well because we are unbiased news, right? This is the good thing. Nobody tells us what to say. We're going to provide what I think is important, what Johnny thinks is important. Look at where the profit came. There's something a little bit shocking about these details here. Now, the Trump family and the Trump organization profited over $2.9 billion, while the investors into these exact projects lost $2.28 billion. So very similar, similar numbers. And the World Liberty confirmed their token was going to become tradable. We saw a liquidity event take place. But here's the big concern, right? I'm going to share something that a lot of people should just consider. Even though Trump may not know exactly what's going on here, here's what I would say. Trump launched a meme coin and promoted it to his community. This would be the same thing as if I launched a meme coin on this channel and I shared it and sold it to you guys. Well, if that meme coin depreciated 97% in value, it wouldn't be a good reflection on me. That's the conversation that I'm having right now, right? And I think the same concept can be applied to what President Trump either tried to accomplish here and wasn't able to, or is in the process of accomplishing, depending on how this bull market changes. Maybe this bull market in someone put a hilarious comment, the mustache man one in chat. But maybe this bull market does return and WLFI and the Trump token end up being successful, Johnny. And all these people who are upset, they end up making money on the back end and everything's okay. But the reality is I wouldn't be betting on that. I wouldn't be betting on a token like the Trump coin, which is down 97%, going on and creating brand new all-time highs. I just wouldn't place that bet myself. That doesn't mean it won't happen. That doesn't mean it's impossible, but that's not a wager that I'm willing to take. Now, guys, I do want to hear from you. One's in chat if you think there's something weird going on here. Two's in chat if you think you have no issue with this. Johnny, any closing remarks on this one?

SPEAKER_02 19:41

Yeah, listen, Abs, at the end of the day, I mean, anybody can launch a mean coin. And they granted he's the president. You and I didn't like it when it happened. We talked about it, we were angry about it, we wished he didn't do it, but it's his purview. And anybody who invests in it needs to understand when you invest in something, you know. I mean, that chart shows exactly, yeah, the snappy coin. Remember when they did the snappy coin of apps? The reality is that was not an app coin, by the way, but somebody did try to make it look that way. But the point is, um, that chart shows exactly what we try to promote all the time here. I'm glad you brought, I'm glad you showed that. This is the chart where that's where retail always becomes the exit liquidity. And and that's what you're seeing there, right? The retailers lost their money and the and the smart money takes the money. That's just how it works, unless you have an exit plan. That's why we promote all the time. Having an exit plan, selling one thing. There was a point in time where the retailer could have made money there when that was going up. You could see it there. I mean, you're not right, or you could see it from February to May. Look at that was going up. They could have made money, but they don't, right? They end up at the end of the day, you know, selling uh at a loss and because they don't have a plan. So, guys, click on the link below, sign up from Willing, get your free 30-day trial and make sure you have an exit plan so you don't become exit liquidity. But I'm not gonna bat I'm not gonna sit here and bash. I can't bash the president for launching a meme coin that that people kind of knew what what it was about, and then the other side sit here and know that the the Congress is doing insider trading and that they get away with it all the time, and they're making billions and millions, and nobody's talking about that, but then we're gonna bash the other guy because he launched a coin that was clearly a meme coin. Everybody knows I don't know if he used Trump used Merlin, that's for sure. It's telling on the way up. But the point being, Abs, is it's just so hard for me to sit here and bash one guy when the other side is doing something equally, you know, you could argue even wrong, right? You and I can't trade on insider information, but you and I can launch a meme coin. So I don't think Trump did anything wrong launching a meme coin. People know the risk of that. But you and I, so you and I could do that, Trump could do that. So what's wrong? We're all on the same playing field, but you and I can't use insider trader. They can. That I have a significant problem of. You know what I mean? So let's fix those problems first, but that's just not gonna happen. You're gonna end up seeing that they're always gonna point, they're always gonna point to the other side and try to bash them wherever they can. And certainly it's easy to bash him, right? Because he made a ton of money and the investor lost a lot of money. So it's a very, very easy narrative. Think of how easy it is. If you're the other side and you want to bash the president or any candidate when you got a story, that narrative is very easy to bash, and that's what you're getting.

SPEAKER_04 22:10

I totally agree. And there's nothing wrong with treating a meme coin investment like going to the casino and gambling, because ultimately that's what it is. And if you treat it that way, you're not going to have these false expectations and get destroyed by 97% losses. But here's the issue that I have with this whole idea. I've never bought a meme coin. So that's why I'm being very unbiased. I hope I don't come off as overly critical of the fact that he launched a meme coin project. But as somebody who's been in this space since 2019, Johnny, if I don't know crypto, then what do I know? Right. And so as somebody who only studies this industry, as somebody who's put so much time and effort into this, I knew this was going to be a major loss. And I remember me and you were covering this at the time. There was about 72 hours of insanely bullish price action. And we said, get ready. There is a liquidity extraction coming, even if Trump doesn't want to. Even if it was just market makers and manipulators of the actual asset class and it wasn't President Trump, I knew the writing was on the wall. And that's why I told everybody, I'm not buying it, I'm staying away from it. And it also goes to show, Johnny, how fragile all these meme coins are. If the president of the United States can't make a successful meme coin, I don't think anyone can. So stick to the projects that are, stick to the projects that are focused on utility, stick to the projects with leadership teams like Ripple that are working with the US government or working with companies like BlackRock and joining consortiums like we've been breaking down. But I want to hear from you guys. If you're enjoying this content, smash that like button. We're at about 400 likes for today, 405 likes. If we pass 589, we stick around for some overtime. It's going to take a last second sprint here. I don't think we're going to get to it today, but we do love and appreciate all you guys. And I have some awesome content prepared. Johnny, any closer remarks on this one?

SPEAKER_02 23:45

Yeah, you know, just one thing. Actually, this guy just nailed this, so I almost don't even have to say anymore. If you're buying meme coins, you have to expect volatility. That's the problem. That's that's the reason why I don't personally have a problem with it. I see people in the chat are a little angry. Like, oh, well, you should bash both sides. Listen, what Trump did was legal and and people invested in a risky investment. Absolutely, what meme coin do we know that doesn't crash? Show me one meme coin that doesn't crash. That's why I'm so confused. Why people are like, oh, he rug pull. No, he didn't rug pull. That's what memes do. Meme coins go, guys, if you're here and you're seeing rug pull, you're aggravating me. Let me tell you why. You are smarter than that. You know better a coin that has utility versus a coin that doesn't have utility. I don't personally invest in meme coins as you and I, we don't. Why? Because we know what meme coins are, they're a pump and dump scheme. Everybody can know there is a show me one meme coin that's really held its value, maybe other than doge, and even doge is down in the tanker. And it's only kind of been there because of the fact that you know Elon Musk kind of gave it a little bit of hope. But the reality is, absolutely, there's no meme coin that's gonna go up in value over time. That's why I had a problem when President Trump did it, because it was gonna look bad, but it doesn't mean it was illegal. But yet the problem I have with this is Congress is trying to say, Well, you did something wrong. You know, you, you, you went and you did this. Well, what about when you guys do an insider trading? That's okay, though. And that's the that's the big issue I have, is there it's just there's too much hypocrisy going on here, and I can't stand it. But the reality is, look, everybody has the right to invest in what they want. You can't blame President Trump because his meme coin didn't go up, because there's no meme coin that's been successful. If you just did a little bit of research, Abs, there's a reason why they always say do your own research. If you did a little bit of research in the meme coins, you would know that none of them make money over time. There's a short period of time where people get in very early, get lucky, and if you get out the right time, you can make some money. But it's a can't a gamble, it's like a casino, and it's not something that so let me add some context to this because I want to wrap up this conversation.

SPEAKER_04 25:39

We got so much other stuff to get into, guys, and we're about to have a conversation about utility for digital assets with this guy, Versean, who's done some phenomenal work. I'd encourage everybody to check him out. I'd also love to have him on this channel, but we're gonna get into it. We already passed 335 likes, 435 likes. Keep smashing that like. Let's see if we can get a last second Usain Bolt sprint towards the finish line. And if we get to that 589, we stick around for OT. But Johnny, here's the deal. I think a lot of people relied on President Trump to do that research for them. And that's a different conversation about the ethics of that. But I think a lot of people trusted Trump. And it was right when he was elected, and it was right when we had all this momentum and crypto asset prices were pumping. So it was the right time to do it as well from a marketing standpoint. And that's the concern that I have. I think a lot of good people, a lot of hardworking Americans who voted for President Trump, saw that he was launching something and said, I trust him, I believe in him, I'm gonna invest in that. And ultimately it didn't work out in their favor. But again, it's a meme coin, and that's why these conversations are valuable. Invest in the assets that are utility driven, because that's what we're gonna be breaking down for the next portion of today's show, guys. But here's a brand new video from Versailles that we're gonna be discussing, talking about how XLM and XRP, these aren't meme coins. This isn't speculation, this is the new digital financial system being developed before our very eyes. Here it is.

SPEAKER_09 26:55

They're rapidly integrating networks through Ripple and Stellar with the digital asset they use called XRP and another called XLM. Do you think these are the primary vehicles that are going to accelerate the rails, the digital system?

SPEAKER_00 27:10

So I'm assuming, and I don't know, I'm not an expert, is that XRP and Ripple will be exceptionally important to whatever the train tracks are they're building. I don't see Bitcoin as being an important part of that. Um, and the question is how will they use Bitcoin going forward? And you know, my concern is they're gonna try and dump it on sovereign governments and so that the whales can get out because it'll essentially be over. Um, now they could also continue to pump it and use it for a variety of purposes, but I don't think I don't from an infrastructure standpoint, Bitcoin is not an efficient payment system. So I just don't see it as an important, you know, it it's been used as a digital asset, not as a payment mechanism. And it doesn't provide any fundamental, doesn't have it doesn't have a fundamental utility. Ripple was always going to be a very important train tracks in the banking system. And now that the banks are saying they're gonna move bank deposits to the distributed ledger, you know, that gets more timely.

SPEAKER_04 28:16

And this is where I want to give a massive thank you and shout out to our community in particular, because I had a conversation about how lucky we are to have the people who have found this channel be in our community because we're focused on these types of discussions, right? We're not the type of channel that's gonna bring you a meme coin or bring you a quick pump project. We're focused on the assets that we really think are revolutionizing finance and going to have massive price appreciation on the back end. And it's videos like these from industry experts that always make me excited about the fact that I own XRP and I own XLM. But it's our community, the people who show up in our live chat who have the same vision and long-term understanding that we do. Like Paul Barron was talking about this morning. Oh, a lot of people are overly negative. And I'm like, my community's not. Our community, the people who are in our chat, are so long-term oriented. They've done so much research on the catalysts that are going to move this market forward. We don't care if it goes below a dollar because we view that as a discount on an amazing asset. Nobody cries when Apple stock goes down 12%. They buy the dip. Same concept can be applied to our community when we look at digital assets at large. And that's why I'm so excited about having the opportunity to accumulate at this time, Johnny. Who's to say 18 months from now, 24 months from now, the market totally evolved? Stable coins are everywhere, Clarity Act is passed, bull market is back. All of these different things are on the horizon. I know it feels like it's devastation, it's never going to return, but I've seen this process play out before myself on several different occasions. And Paul talked about this this morning as well. There is a massive catch up trade on the horizon for the crypto community when these tech stocks that have outperformed for two and a half years or sorry, 18 months at this point, there is going to be a rotation of capital that comes into crypto at low prices. And from that point forward, we're going to be talking bull market. Is it in October? Is it August? Is it December? No, we don't have the answer. But the reality is, these next eight to 12 months, Johnny, the bottom will be in. We'll start trending the other direction. And all the people who are skeptical and bear market, we're going to 30K, we're going to 60 cent uh XRP, they're going to be back in this market, chasing higher prices like they are every single cycle. But we did just pass the 30-minute mark, guys. We already have 515 likes on the show. Massive thank you to you guys. If we pass 589, we're making that Usain Bolt sprint, like I said earlier. So shout out to our listeners. If you're having fun, smash the like. We'll stick around for some OT. But Johnny, what do you think about Verson's conversation with Catherine Fitz here, who's not only a central banking expert, but does a lot of um very interesting research on global consortiums, to put it lightly, like the World Economic Forum. Floor is yours. Yeah, I mean, she gets it, right?

SPEAKER_02 30:49

She sees the big picture. And that's that's kind of what I'm talking about. This is the you're you we're talking when we talk about blockchain shiny crypt. This is what we're talking about. Technologies have use cases that solve real world issues. And and and when you have an industry expert who gets it and understands that that's a that's a highly it's very motivating and a high validation that we're on the right track, absolutely. We're not sitting here talking about meme coins and why we're investing that, but we're talking about technologies that we know are going to change the world. And we're just here. Here's the two problems. One, we're here very early, and two, the dip has been very long. You know, like in the stock, you buy the dip, and the dip's ah, maybe it's a couple weeks or a couple months, and it kind of reverses. Well, and in the unfortunately, in the crypto industry, the dip can be a very, very long time. So we got to stop saying buy the dip. Now we're gonna say buy the long dip because the dip can take a long time, and that's the problem with it, right? People are like, Well, I bought the dip, and then it keeps dipping. Like, yeah, well, unfortunately, you know, you have to be prepared to know that when you buy the dip, you may be in the dip for a while. So buy it and hold the dip. Maybe we're gonna change it to instead of buy the dip, hold the dip.

SPEAKER_04 31:49

But the point is I'll kick it right back to you. Think about this. The problem with crypto is that we get nine straight months of negative price action. Whereas with a stock, it teeters, so it'll go down, then it'll come up with crypto. It's like you just rip the band-aid off and you expose the wound, and then you start doing your repairs, and before you know it, you're healed.

SPEAKER_02 32:06

Because it's not, it's not like a it's not a big full-time in a stock market, it's a massive industry, right? $44 trillion in the US alone, huge in the function of massive financial companies, and it has rules and laws written around it governing the financial stock market, and that's why it can move so much so quick, and there's so much liquidity and money in it, and it's so huge. The crypto industry is one thirtieth of it, one thirty we were talking one and a half, two trillion dollars, whereas it's 44 trillion, and it has no rules. It has no rules. Think about that, apps. We have a m we have a financial market industry with no rules right now. I mean, you can genius that okay, you got a little bit, but the point being up until a few years we had nothing. And the big one that we need, the infrastructure around it, uh, the the Clearity Act, we're just not here yet. And yet we're and we want it. So, what we want is we want our cake and we need it too. We want this industry to be flexible or volatile or or move like this the stock market does, but yet it doesn't have any rules and it can't be treated like the stock market yet. But yet we expect the same that you can't. So that's why you have to be patient. You have to understand it's a different kind of market, you have to understand liquidity comes in and out of this market very, very differently. Very, very differently than liquidity goes in and out of the stock market. So the stock market tends to form a little more, we become familiar with its behavior and expectation. But we also know in the stock market, you're not gonna see FedEx moves either. That just doesn't happen, right? And so, and eventually, I don't think this industry will either. You may get one more last hurrah of that as we get the clarity act coming in and big money and speculation coming in, and then it's gonna probably become more like the stock market over time where you can buy the dip and it will start to move up. We're just right now, you have to understand we're in a different market, abs. And so the mentality of buying this dip is very different than buying a stock dip. And I don't think people have put their have have seen, I don't think people think about it differently, but they should, because that's that's just how it is.

SPEAKER_04 33:55

And I feel very similar to Sanchez here. He said, I'm glad there are no rules yet. It gives us an opportunity to accumulate. And here's the truth, guys. In 2024, so many new people were coming into this space and they were buying Bitcoin above 100K and they were buying XRP above $3, Johnny. But those same people were asking for an opportunity to buy these assets at lower prices. We're in that opportunity right now. Nothing bad has happened to XRP except for the fact that the asset has gone down in value. There's no lawsuit, there's no great collapse, there's no massive securities allegation or anything like that. We're just in a bear market. But XRP in particular has grown so much during this bearish time, not only working with President Trump, helping to develop the Clarity Act, getting the Genius Act, launching a stable coin. We have ETFs now. We have five acquisitions. They've done so much during this bearish time, Johnny, that when the bullish momentum returns, I think there's pent-up demand for XRP in particular that's going to make all these other assets look like peanuts when you talk about the performance. And we've seen it before. This isn't some speculative thing that we're talking about, guys. Remember this in 2017, XRP passed Ethereum to become the second largest digital asset. The only digital asset to ever do that. The only digital asset to ever hit second place besides Ethereum is XRP. And I think that we're going to see something on the back end, Johnny, after these catalysts unfold. It may be 2027, maybe 2028, but I've always said, and I'm going to stick by it, that when it's all said and done, XRP will be the number two digital asset in the space. But we're about to enter the overtime portion of today's show. If you're having fun, smash that like button. I'm not sure how close we are to 589, but I wanted to play a really interesting video from Anthony Pompliano. And he's talking about what is it going to take for Bitcoin to get back above $100,000? Well, Johnny, the answer is pretty simple. You need more buyers than sellers. Here's the clip.

SPEAKER_06 35:41

Well, you know, Anthony, uh, Bitcoin is uh $58,000 as of right now, $58.3. What would it take to get Bitcoin back to $100,000?

SPEAKER_07 35:51

Well, it does still have to happen. If we just have more buyers than sellers, it'll go back up. It's that simple, right? That's not much of an answer. No, look, I think that obviously Why should I buy Bitcoin and get it back to $100,000? Well, one of the beautiful things about investing is you want to buy things before they're in favor. So you want to be non-consensus and then you want to hold that asset as it becomes consensus.

SPEAKER_06 36:08

And right now, people bought Bitcoin and was $100,000 on your recommendation.

SPEAKER_07 36:12

Well, I don't wasn't recommending anything. What I've been saying for a long time is dollar cost average. Pointing to dollar cost average Bitcoin. It did. It went up another 25% from there. Yeah, now it's half the value. Now it's down 58 grand. If you go and you look, give these guys some boxing gloves, Johnny, let them swing it out here. Over the last 10 years, Bitcoin has compounded at something like 60% every single year. And you need volatility. I think that's actually one of the big misunderstandings about investing is that most people they're scared of volatility. They run away, they want to hide in bonds. Bonds are losers. You go and you hold something that doesn't move at all, it just loses value over time. But the best investors in the world, they're looking for volatility. Right now, AI is volatility to the upside, Bitcoin is volatility to the downside. But if we go out over the next couple of years, I think both of these assets are going to continue to be very, very volatile. And that's ultimately where the returns are going to be is you want assets that have volatility.

SPEAKER_04 36:57

Well, Johnny, we played a Tom Lee clip at the beginning of this week where he talked about how he thinks the crypto trade is the back end of the AI narrative. He said that crypto is the monetization of the agentic economy. That means all the money, all the profit that's being generated in AI will eventually flow over to the crypto sector. And guys like us, who maybe we're counting our $1 XRPs right now, there is going to be a day sooner rather than later where we see a massive repricing event for digital assets because people turn those AI trades, which are in huge profits, into digital asset ownership. And Paul Barron thinks that, Matt Hogan thinks that, Tom Lee thinks that. And thank God Michael Saylor doesn't think that. But Johnny Floor is yours.

SPEAKER_02 37:36

Yeah, it's just a question about it. You're going to see uh a shift or a transfer of the funds or money moving in there. And AI is gonna be a big piece of this for sure. Um, and Tom Lee, a lot of people have some anger with Tom Lee hasn't been so accurate. But you know, going back to the pomp clip, I just want to say something there. Pomp kind of nailed it. He knew he literally nailed it. He goes, Look, you should be buying when these things are out of favor and and and selling when they're in favor. And that's the biggest thing that most people struggle with, abs is most people can't wrap their head around the fact that that's exactly how you should be playing this game. And right now, when things are out of favor, this is the best time to be scooping it up. I mean, you and I have been DCing, I have been double, tripping, quadruple DCA ing this past week alone. I've probably done more this past week than I've done in a while. To me, this is the right time to be doing it. And of course, being able to do it in my Roth IRA makes me excited because I get to do it, you know, tax-free when when these when these things do double up. And that's why I love iTrust Capital. Guys, if you haven't signed up for iTrust Capital, I don't know what to tell you. I mean, you the tools are there. Click on the link below and get yourself an iTrust Capital account, and then you can go and you can do you can you can do a Roth IRA, you can do a regular IRA, you can do a PCA. Um, so there's many, many options there that you can do in that trust. But to me, that's the best way to get yourself in a position. And Pomp, you know, that guy was giving Pomp a hard time. Oh, you're recommending 100. Well, he's right, it didn't go up. The point is DCAing, I think, is always the best way to get into this space to average rather than just going chunk one buying one chunk somewhere, it's better to go in slowly and kind of average your way into the market and and also on the way out of the market. So um, you know, but I I would have preferred a little more meeter answer from Pomp on what it's gonna take. But the reality is, I'll tell you what it's gonna really gonna take, Abs. It's gonna take liquidity. Yeah, so people need to feel good again about first, people need to have excess liquidity and money, market, economy, all that stuff comes into play. It's also gonna take narratives, it's gonna take the clarity, it's gonna take a bunch of things to get Bitcoin up over 100. Bitcoin is gonna be sitting there for a while until we can get this the momentum of this market shifting again and the world feeling like okay, this government can get their shit together and get the law passed so we can turn this technology into a real investable industry. And we're on the cusp of that. But now we'll see if Congress can get the job done.

SPEAKER_04 39:57

I'm excited, Johnny. I think that oftentimes when guys like me and you feel like we're going against the crowd, that ends up being the best opportunity for us. Like you'll remember back in September, I think it was late August, early September of 2024. Me and you were having a phone call talking about how XRP was at 40 cents while Bitcoin was breaking out. And you're like, ads, I'm telling you, this is the time when people feel like there's nothing good happening. That's the time when you double down. And so I applied that concept and it was proven to be successful. And now I'm doing the same thing this summer where I'm like, nothing negative has happened for XRP, but this asset is down like 70% from its all-time high at this point. And I the only reason that I laugh about that in some way is because I never thought that this would happen just 12 months ago. 12 months ago, Johnny, we were riding high, enjoying the sunshine at the lake house, enjoying some of the some of the good weather out there. Little did we know that one of the greatest crypto collapses was on the horizon. And there wasn't even going to be a definitive catalyst to cause that moment. There wasn't a collapse, there wasn't a depegging, there wasn't a lawsuit, it was nothing like that. It was just a 1010 liquidation event that had a cascading effect through the entire crypto market. So, again, nothing specifically happened to XRP, yet the token is down 70%. That screams opportunity to me, as somebody who's been here for a long time. And Michael Guerrero, thank you for this $5 donation. He said, I'm a little confused. Jake says XRP doesn't need clarity, but other content creators say we need it in order for the crypto industry to evolve together. Now, again, XRP stands alone because it has legal clarity inside the United States. And Jake's thesis is that the Clarity Act allows for these other projects to have the same institutional go-ahead, I guess you would call it, that the XRP ledger has right now. We paid $200 million and fought in court for four and a half years in order to get the clarity that XRP has. Jake's thesis is that the Clarity Act will provide that for the whole industry. So it's a win-win either way. Like he said at the beginning of the clip, he thinks XRP will benefit either way, but it doesn't need the Clarity Act because it already has clarity after the SEC lawsuit. Now, this person said, thank you for the $5. They said DTCC goes live July 15th. XRP is the only one with clarity. Well, that kind of plays into Michael Guerrero's comment. So big thank you for the $5. And again, it's a pilot, it's a test net on July 15th. They're not going to call it a pilot, they're calling it like a sandbox or something. They're just starting off with these ideas. Full scale rollout happens in October. And then tokenized assets go live on the XLM blockchain in Q1 2027. So we still have a little bit of time. Thank you for that $5 donation. Crypto Kelly, one of our favorites. Thank you so much, Kelly, for the $10. She said, if it does get to President Trump's desk, I don't know how strict the ethics verbiage will be. If the verbiage doesn't allow for Trump to make money with crypto in any way, I don't know if he's going to sign it. Appreciate y'all hugs. Hugs back to you, Kelly. Thank you so much. We love and appreciate you here. But Johnny, I think, I think Donald Trump has every incentive in the world, especially heading into midterm elections, if this lands on his desk to sign the bill. But we know there's going to have to be a compromise on the ethics issue. And that's something you've been discussing a lot. So I'll kick this one to you.

SPEAKER_02 42:58

Yeah. Yeah. So first of all, I think that if this ends up on his desk, Kelly, he will sign. There's no question about it. Because he he knows that there is not going to be another version that he's going to get to sign. And it will be the only way for him to kind of claim that he uh made America the crypto capital of the world. I even if it prevents him from making money, because here's why. He already made 1.2 billion. If I'm in and I made 1.2 billion, I'm not going to sit there and be greedy and say, oh, I want to make another 1.2 billion. You know, I don't, I just don't think that's going to happen. I think if it's on his desk, Abs, he will sign the bill because it's way better for him to be and for all of his the Republican side of the party to be able to say, hey, we brought crypto to America. We made crypto capital. I can't imagine him putting his own ability to earn another billion or two billion in front of being able to set up the whole industry for the role that he has been promoting and talking about. He's got a big ego. He's going to want to be able to say, look, I got this thing done. I got it over the finish line. I think that's more important to him than saying, Oh, you know what? I can't make another bill. So go back and rework this bill again. No, no, no, no. There ain't no chance. There is no fact. If he gets the bill and it's he better sign it because that means he got, you know, it's as good as it's going to get. It ain't going to get any better than that. So that's what I think, Kelly. I don't think it's going to be an issue. I think he'll sign it.

SPEAKER_04 44:16

Well, guys, we got 2,400 live listeners here. If you had fun and you enjoyed this content, smash that like button and leave some of your thoughts underneath the video. If I don't see you guys tomorrow, I am going to be hosting a live, but I know a lot of people are going to be with family and traveling, doing more important things. We love you guys. We appreciate you. Go out, stay safe, have fun this weekend. Hopefully you're surrounded by friends and family and you make some amazing memories. But always remember, touch some grass, hug some family, enjoy the day. We will be live tomorrow in case you're not there. We're also going to have updates this weekend. I'm not sure if I'll provide an update on Sunday because I'm going to be down the Cape, but we'll we'll figure that out as we go, Johnny Crypto. With that being said, we love you guys. We appreciate you all. Massive thank you to Johnny as always for being here. And we'll see you guys in the next one. So if you're looking to implement the same strategies that we do here on Good Evening Crypto, I would encourage all of our listeners to click on the Merlin link below and sign up for iTrust Capital as well. Now, why are our listeners going to do this? By leveraging the Merlin application, you can create a profit plan for yourself so you know exactly where you're going to be exiting this market. But leveraging iTrust through a Roth IRA product, you can take advantage of tax free crypto gains during this crypto bull market. So I would encourage everybody, click on the link down below, sign up for iTrust today, and take advantage of our $100 free signup bonus. Oops, I think you clicked something.