In 2006, one man wrote a memo that destroyed his career.
Silicon Valley blacklisted him.
Yahoo executives mocked him.
Wall Street ignored him.
Then Yahoo collapsed exactly as he predicted.
Now he's back with an even bigger prediction:
🚨JUST IN: Federal Reserve Chairman - Jerome Powell has confirmed that the Federal Reserve will not establish a central bank digital currency during his leadership!
Stablecoins like Ripple's $RLUSD will make the USD stronger by using #XRP as a liquidity source.
As an #XRP holder with 805,500 coins to be precise, I want to give you some advice.
Money does not bring you happiness.
I have money. Am I any happier? No.
You can buy that fancy car or house, but after 24 hours, you will feel like you did when you had no money.
BE PREPARED, WEALTH IS COMING
@elonmusk No citations? If we are the media now, can we have higher standards for quality & source of information?
Or are you the media now..a master at throttling opinions/creatively devising division amongst some & unity amongst others, to your benefit?
What is your intention I wonder?
Today, here in the US, we welcomed the 119th Congress—better known as the most pro-crypto Congress in history.
The journey is just beginning, but you can’t deny the energy & excitement already building across the industry. Let’s get to work.
If one day #XRP hits $100, there are some things you need to do to stay compliant when you decide to cash in:
1. Keep records of all your transactions. Especially if you are using a cold wallet
2. Spread tokens across more than 2 wallets, this way you can minimise losses if you get hacked
3. If you drop $100k into your bank account, you will attract awful lot of attention, it's best to do smaller transactions.
4. When you cash, calculate your tax liability and put it on a separate account so you don't spend it.
5. Don't tell people, especially online. Professionals have bots that scour the net looking for targets. They can then piece together your personal info from multiple posts, to get your name, date of birth, address, etc.
6. ALWAYS use two factor authentication. App is better than SMS. ALWAYS generate passwords using password manager. Reusing passwords means you could have used the password registering at your local coffee shop who is unlikely to have strong security.
7. Buy assets with your money, not liabilities. Handbags, cars, some watches are just blowing money. Buy a nice painting, collectible watch or other art.
8. Nothing wrong with buying some property or invest in shares with your money. You don't have to spend it like you're a billionaire.
I am no financial adviser, but these are just some prompts to go and speak to one. Seriously, get a plan in place so you can truly transform your life with your gains.
Good luck to my fellow crypto students.
Crypto made its debut on @60Minutes tonight – there’s no doubt that these technologies will continue to become more and more mainstream - with influence and reach that will only continue to grow.
A few things I do want to comment on after watching:
I spoke with Margaret Brennan / 60Minutes for 90+ min straight. When discussing the SEC’s misguided lawsuit against Ripple, 60Minutes shockingly left out that a Federal Judge ruled that XRP is not a security…Gensler’s shill (John Reed Stark) knows better despite his comments that 60Minutes chose to air.
Lastly, to say crypto has no utility is exactly what the naysayers said about the Internet in its earliest days - that it’s nothing more than illicit activity. How vastly they were proven wrong. Today, even JPMorgan is coming around on blockchain… (conveniently 60Minutes also failed to mention that Ripple is doing billions of dollars of KYC-ed transactions for our institutional customers - leveraging XRP to move money cross-border more efficiently than traditional payment rails.)
https://t.co/yPe5oKTq5Q
@MarioNawfal The Prophet Muhammad, peace and blessings be upon him, said, “... do not ask for authority! If it is given to you at your request, you will be held fully responsible for it. If it is given to you without your request, you will be helped by Allah [God] in it.”
If you understand #XRP, you know there’s no exit strategy. Owning $XRP means becoming your own central bank, holding the keys to the new #financial system, and being the buyer and lender with the power to raise capital on your terms. Selling for fiat is giving up control.
‼️XRP Ledger reserves just dropped!
Activating an XRP account cost now 1 XRP
Holding a Token Trustline only 0.2 XRP
Excessive XRP is now freed up in your account that you can spend now!!