A Bigger Picture

Since I have been following the world of crypto I have been adamant about finding a bigger picture. It can’t simply be meme coins like Doge and Shiba Inu that have no real world use factor. There must be a means of global institutional use or it won’t go farther than a passing fad. Crypto can’t simply be something that was born out of the 2008 economic collapse by an unknown entity using the name Satoshi Nakamoto. I mean, some conspiracy theorists might go here:

Although, crypto may have begun as a fringe fad, disdained by the big investment banks. But now, Wall Street is cashing in. Lately, there is a huge boom in so-called “stablecoins”, which supposedly are guaranteed by their sponsors to hold their value.

Through 2017-2020, I was running a couple of multi-million dollar construction projects. One of which was creating one of the world’s most cutting edge high end recording studios, located in the San Francisco Bay Area. The other was a private recording studio for a Grammy winning/Oscar nominated musician. During these projects we used an electrical subcontractor who had one employee, we’ll call him Aaron, who would come to the construction site everyday and talk about his growing Bitcoin investment. These conversations were the impetus that sparked my interest into the world of crypto. But I couldn’t yet figure out the perceived value, the real use, or the “how to” exchange for the return on the investment process. Or what the actual investment truly was outside of a global ponzi scheme. Aaron didn’t have those answers, but his perceived investment was continuing to rise in a perceived value. Make no mistake, there were people who were getting rich.

In the beginning. like most people, I couldn’t wrap my mind around the real world use applications of crypto. I couldn’t see the bigger picture, yet. In the beginning of the crypto revolution most people were unable to see how the technology could be used in the real world. The main stream media did little to help explain anything.

Bitcoin was unique in its idea and design as well as its timing. The global economy had collapsed and people around the world were wondering just how fragile the global economy had become. During this time came the rise of the Libertarian party and their campaign to end the Federal Reserve and create a decentralized global currency.

Changing the entire global capitalistic paradigm certainly doesn’t happen overnight and it doesn’t happen from a perceived fringe political party of conspiracy theorists.

What the future of cryptocurrency is about is how it presents itself as a Real World Asset(RWA). How can a crypto currency be used in a tangible economic transaction? What crypto products will be used will eventually define how the technology is used and what transactions will be completed with it. The ability to move assets across different blockchains will become paramount in which platforms will rise to the top.

During this gestation period of crypto and blockchain technology it was all about hype. There was no meat and potatoes to any of it. We would hear the CEO’s of the global financial institutions downplaying the importance or crypto calling it a fad. Even as late as Dec. 2023 we heard JP Morgan CEO, Jamie Dimon, lash out at Bitcoin and its peers, suggesting in remarks on Capitol Hill that cryptocurrencies should be banned.

“I’ve always been deeply opposed to crypto, bitcoin, etc.,” the head of the largest U.S. bank by assets said under questioning from Sen. Elizabeth Warren, D-Mass., during a Senate Banking Committee hearing. “The only true use case for it is criminals, drug traffickers … money laundering, tax avoidance.”

“If I was the government, I’d close it down,” he added.

Let’s pull back the curtain and expose a bit of the smoke and mirrors. Once you come to realize that all of the global major news networks are owned by a small select group of Wall Street Hedge funds and private investment groups you can begin to understand that the news we tend to see is exactly the narrative that the elite want you to see. While JP Morgan’s CEO Jamie Dimon is spouting the dangers and lack of use for crypto currencies these same financial institutions are getting in the game on a huge scale but all behind the narrative scene.

As early as only eight months ago, in January 2024, on CNBC’s “Squack Box” he was telling people that the only uses he sees for crypto is for criminal activities such as money laundering, human trafficking, and other criminal activities. All of which are activities that JP Morgan itself performs today and has been found guilty of financing using the current monetary systems.

Yet, on August 3, 2024 the United States’ largest financial institution by asset allocation, JP Morgan, announced that it would now accept the crypto token XRP for credit cards and mortgage payments. Blackrock, Morgan Stanley, Fidelity, Franklin-Templeton all trade cryptocurrencies. Over 95% of Ripple’s customers are non U.S. financial institutions selling payment solutions, custody solutions and much more.

BNY Mellon, is a global financial services company overseeing nearly $50 trillion, is the world’s largest custodial bank. It is the bank that the other global banks bank with. Mellon recently did a study of institutional asset managers and found that 97% feel that the tokenization of assets will revolutionize the financial industry. With asset managers managing over $1T in assets under management they found that 100% agree that blockchain and crypto tokenization assets are the future.

The Security and Exchange Commission (SEC) has had an open litigation against most crypto currencies for a handful of years now claiming that crypto is a security and must be regulated. Most of the crypto such as Bitcoin, Ethereum, and Solano have been cleared from the litigation docket. The seemingly last remaining crypto currency XRP has been the holdout with the SEC in giving them a green light. Why is that?

While the SEC has been holding XRP hostage the global banking and financial world has been moving forward. Including the United States, despite the legal hurdles that are seemingly in front of them. Or is this simply more smoke and mirrors?

In March, 2024, a new study from the European Corporate Governance Insitute (ECGI), the SEC of the EU, has reaffirmed that XRP is a utility token, and not a security. As early as Feb. 2018 Saudi Arabia’s central bank signed a deal with US-based Ripple to help banks in the kingdom settle payments using blockchain software.

As of Feb. 2024, Blackrock, with over $9T under its asset managment is one of the world's preeminent asset management firms and a premier provider of investment management, has become the world's largest fund for the world's largest cryptocurrency, racking up nearly $20 billion in total assets since listing in the United States.

On an average day, Amazon customers place an estimated 11.95 million orders, equivalent to 497,884 product orders per hour or 8,298 orders per minute. Amazon customers order $29.21 million in products every hour, equivalent to $8,114 per second. U.S. Amazon shoppers place an estimated 8.22 million daily orders. Amazon has confirmed a groundbreaking partnership with Ripple, integrating XRP for payment transactions. Ripple's XRP set to offer faster, more efficient payment solutions for Amazon's global customer base.

So, with all of this, there are over 560 million cryptocurrency users worldwide. That's an increase of approximately 112x since 2016 (5 million). Of those, 61% are male and 39% are female. And almost 3 in 4 (72%) are under 34 years old.

The question isn’t “Are you investing in crypto, yet?”, but “Why aren’t you investing in crypto when all of the big dogs are playing?” The stage has been set. The global economic transition is in full view. Where will you be with it all in the next 3 years?

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I welcome you all to read my critically acclaimed book “Quantum Of Justice - The Fraud of Foreclosure and the Illegal Securitization of Notes by Wall Street”