EddieJayonCrypto
13 Jul 23
There are some big moves afoot and they are going to have a positive impact. Here is what is on my mind today.1. The XRP Army should be jumping for joy at the moment. If you are in Canada, BitBuy just gave you a major gift. They are relisting XRP! They are a highly regulated centralized exchange in ...
There are some big moves afoot and they are going to have a positive impact. Here is what is on my mind today.1. The XRP Army should be jumping for joy at the moment. If you are in Canada, BitBuy just gave you a major gift. They are relisting XRP! They are a highly regulated centralized exchange in Canada. I take this as yet another step in the rest of the world thumbing their nose at the SEC and Gary Gensler. The SEC has taken a stance that it is a global regulator and this is to remind them the agency only applies to the United States. More importantly, it is a message that no single government entity is capable of stopping the flow. There is also a rumor floating around that Ripple is planning to launch their IPO on the London Stock Exchange. For now, I am taking it as a rumor, but imagine if there are legs to the story. 2. Google has now weighed in on tokenized assets and their decision is to allow them on the Google Play platform. They have adjusted their restrictions and the gates are opening now. Imagine what that will do for a project like Gala Games. Leadership started in mobile gaming. I think it would be an easy leap to merge Web 2 technology with Web3 and give the people what they want. Games would even be able to offer in-app purchases of NFTs. Tell me that's not big. As we already know, this is in stark contrast to the direction Apple has taken. 3. The US government has moved another $300M in bitcoin seized from Silk Road. The move was not to a single address, but to many addresses. People should pay attention to this. If they were going to liquidate, it kind of foretells a sales strategy that allow the Bitcoin to trickle into the market as a more concerted effort. 4. Puerto Rico has long been a digital asset tax haven. Well, that could come to an end if the IRS has its way. They have opened investigations of people migrating to the Island for this and other tax avoidance purposes. I think this is going to be a difficult case. I think all you have to do is live on the island for 6 months out of the year to claim residency. 5. Robert Kiyosaki and I agree! The time is coming to start shifting to real assets and Bitcoin! I have been watching for signs that say we are headed for a downward spiral. The first of these indicators for me is the increase in car repossessions. You have a lot of people that stretched themselves to buy cars in a ridiculously heightened market. If we continue on this course, we are going to see people start defaulting on their mortgages. That is going to leave a lot of banks, already hurting, to be left holding the real estate bag. I don't think we will need anything else beyond that.