Thread: During my interview with @linqtoinc COO, Joe Endoso, he compared #Ripple to Coinbase, before it’s IPO. Coinbase was valued at $8B before it’s phenomenal IPO, which is lower than Ripple’s last venture capital funding round (at a valuation of $10B). 1/8
“Coinbase went from $8B to $32B & got as high as $85B, before the stock market correction. That gives you a sense of what the possibility might be for price appreciation under strong, as well as adverse market conditions, for Ripple.” 2/8
“Not only are you investing based on your belief that the fundamental value of this company is going to increase significantly in the future bc of the use case they have for XRP & the international payments processing space, but also bc it is a special situation.” 3/8
“The price has been artificially repressed because of the chilling effect the SEC enforcement action has had on them.” The full interview with Joe Endoso is here: LindaPJones.com/want-to-invest… 4/8
“The great news is because of the price repression, we’re still able to make investments in Ripple & offer it to our customers at a discount to that $10B. Our customers are investing today at a $6.8 to $7B valuation of Ripple. Ripple used $200 million of their own money, 5/8
with the approval of their Board, to buy back some of their stock a couple of months ago at a $15B valuation. They clearly believe it is worth more if they are using their own cash to buy it back at $15B.” 6/8
CB Insights, the respected analytics expert on private companies, has listed Ripple Labs & Dapper Labs as “Top Unicorns”. Unicorns are companies with a valuation of $1B or more.
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To get a $250 investment credit & a $1,000 XRP bonus for a Ripple stock investment on @linqtoinc click the link below.⬇️ Linqto.com/signup?r=e9tdh…
🧵Looks like May 4th & 5th interest rates may plummet: 1) After a negative GDP last month, why are people still expecting a .50% hike by the FED? I don't think it will happen, 2) Moody's can still declare Russia in default, because even though they paid the debt in dollars, 1/4
they were late. If Moody's declares Russia defaulted, interest rates will plummet. Interest rate derivatives would be caught off guard in the wrong direction, for both reasons. Also, not many are expecting a sharp rebound in stocks. 2/4 marketplace.org/2022/03/15/wha…
If the FED doesn't raise rates, the stock market will take off higher. This will catch many off guard. Shorts will have to buy stocks to cover the losses on their shorts, sending stocks HIGHER. 3/4
🧵I love listening to Brad G., because there are always nuggets of gold in what he says. I'm writing highlights from this interview at the Crypto Bahamas Conference (my comments r in parens). Full interview is here:
I'm going to loosely quote him, direct quotes will use quotation marks. First, he said his early interest in crypto was to answer how do we bridge between the crypto world and traditional world, rather than trying to compete or circumvent banks & gov'ts? 2/9
It was about interoperability, providing cross-border payments between legacy infrastructure in a future multi-chain world. Asked about stablecoins & CBDC's, he said "CBDC's r issued or potentially issued by a Central Bank (CB), so they're not solving cross-border problems, 3/9
🧵I just reviewed the Digital Commodity Exchange Act #DCEA and two things jumped out at me. 1) It says it permits "trading in only digital commodities that are not readily susceptible to manipulation." If a crypto is centralized, it certainly can be manipulated, *cough* ETH. 1/5
2) It also said to test that the backup resources of the digital commodity exchange are sufficient to ensure continued..."maintenance of a comprehensive and accurate audit trail." One crypto we know is lacking in a transparent audit trail is USDT, Tether. 2/4
Which exchange can Tether impact? Since Coinbase (COIN) announced it will accept Tether on all of its platforms, I agree with this article that COIN will suffer due to its "shackle to Tether". 3/5 seekingalpha.com/article/443295…
🧵The European Central Bank (ECB) wants to get crypto regulations going because of financial stability concerns. Tether and Bitcoin are in its crosshairs.
It specifically mentioned Tether, and is concerned in case of "large scale sales of these assets" that could "generate instability throughout the commercial paper market." 2/6
Along with KYC and anti-money laundering requirements, it recommends greater disclosure of reserve assets backing Stablecoins. Hint: Tether. 3/6
The other companies mentioned in this article are Coinbase (was available on Linqto prior to its IPO), Dapper and Ripple. Shares of Dapper Labs and Ripple are still available, but not for long. (2/4)
You can also transfer IRA money to Linqto to invest. I encourage you to apply for Accredited Investor status on Linqto, if you have $1 million in assets outside of your home. If you aren’t at Accredited level yet, no worries, I am confident you will get there. (3/4)
For the first time ever, the US Treasury just sanctioned (Russian) bitcoin miners. They are the 3rd largest miners in the world. They did it because they are afraid that Russia will try to get around sanctions by using Bitcoin. home.treasury.gov/news/press-rel…
Thread (1/5)
According to the article: “The sanctions on BitRiver could have an impact far beyond the crypto mining industry in Russia, by potentially redistributing & reducing the computing power for Bitcoin mining across the globe…” (2/5)
A similar thing happened to Netflix. The suspension of service in Russia led to the loss of over 700,000 subscribers. It made it predictable the stock price would eventually crash. Netflix has lost $40B in market cap. Now a similar massive reduction may happen to Bitcoin. (3/5)