SBI Virtual Currency XRP Ripple Goldman Sachs Morgan Stanley

hey everybody this is the digital asset investor and today I wanted to talk to you about two articles that I one that I think is very important to the industry and another that I think is very important for ripple XRP the first article is titled Morgan Stanley wants to beat Goldman Sachs to crypto training Richard riches now this to me is probably the most important article that I have read this year with regard to all of the big money that's coming in to the cryptocurrency universe and what this article is about is Morgan Stanley and Goldman Sachs traditionally have been major competitors and they are coming into the space and they're trying to beat each other there and so there's two quotes in this article that I wanted to read completely to you and that are really important these are quoting a source that is inside of one of these organizations either Goldman Sachs or Morgan Stanley so here we go several of us have been reaching out to what we could call mid tier money managers that we know are on the cusp of opening crypto focused hedge funds we have done some work with pure-play crypto funds as well but we we've been more specifically tasked to engage with firms that are apt to add their current portfolios as opposed to starting from scratch I can tell you who those are I cannot tell you who those are as we're under NDA s4 with several but you can bet that that things are moving quickly and deals are being struck and you can guess why so they're basically telling you right there that the big money the big boys are coming in and so this market currently is it around four hundred ten billion dollars so you can just imagine we're talking trillions of dollars that's fixing a stamp ain't that Stampede into digital assets it's gonna become a whole new industry now this other quote in this article to me even more profound than the one I just read and it's basically telling you who is coming and why they're coming quote truth be told this is the next arms race everyone is rushing into kryptos everyone period there isn't a bank a fund a fund company a former legend attempting to reclaim Old Glory private equity venture capital lending exchanges consulting firms everybody it is a digital gold rush and our firm wants to get there and pull as many levers as we can so that's right from the horse's mouth either Goldman Sachs or Morgan Stanley is telling everyone what's fixing to happen and in my I have heard estimates that go anywhere from the this market overall when all of these investment banks start creating trading desks and when we get to the end or when we get to a mature industry from what now is a four hundred and ten billion dollar very immature industry we I've heard estimates that this market could be anywhere from ten trillion up to eight hundred trillion dollars and so everybody needs to get ready now the second article that I was going to go over with you guys today is close to my heart because it involves ripple and ripple XRP is my favorite digital currency and this article involves SBI out of Japan the title's Japan's SBI to start an exchange for major crypto currencies like Bitcoin aetherium ripple and Bitcoin cash now what they don't tell you in that title is the most important thing about this those of us that have been in this business or been investing in in digital assets for a while now ever just about everybody knows that most rows have led through coin base you have to exchange your US dollars to go into Bitcoin initially and then you can work your way into the other digital assets but you have to have more than one account in many cases to do so this has been a problem from the get-go and it's been a real advantage for Bitcoin it's one of the two or three reasons such as first mover advantage that Bitcoin has been able to stay on top that over time is going to change because all of these other did the good digital currencies XRP in my opinion being the number one best digital currency XRP will be the trading pair from Japanese yen when SBI opens now who is SBI SBI is a huge banking group that has between 60 and 100 banks they also have SBI securities they've got institutional investors that are a part of this same company now that the CEO of SBI says that they have 8.5 million accounts to put that in perspective coinbase I think has around 10 million and this will be overnight the flip of a switch a coin based rival that is going to that will have an X or P trading pair you don't go in unless you go in through from Japanese yen and into X R P not Bitcoin that is huge and then but the other thing that's worth mentioning in this particular article is the CEO of SBI and he was quoted as saying and I'll quote I'll give you his quote his name's Yash Atika Cato and I know I messed that but it sounds something like that but his quote is and he's referring to when they open SBI virtual currencies which is what it'll be called when we do it it will be number one in the blink of an eye so quickly so he says so even if a tremendous number of customers come we can build a system that can bear the workload and what he's referring to there is that they had put off the opening of this for a couple of months in the summer and they did it because they wanted to make sure that they had the wallets as secure as possible that's the number one problem with all this is that is to have secure wallets so no hackers can come in but this is huge for XRP and their lives could be changed overnight when this happens so that's pretty much what I wanted to cover now please subscribe to my channel I'm gonna be bringing a lot more great content and articles I will make a habit of putting the articles that I cover in my videos into the comments section or right below the video I'll put links to the articles so that you don't have to just take my word for it you can read for yourself I also want to say I'm not a licensed financial advisor this is for informational and entertainment purposes only so I appreciate you listening and come back next time

11 thoughts on “SBI Virtual Currency XRP Ripple Goldman Sachs Morgan Stanley”

  1. Hi DAI, I have been listening you since this summer around the video about Liechtenstein. Your voice in this video seems clearer than your future videos. Anyways, so happy to listen your videos daily. Thank you for your commitment! 🙂

  2. I like your content more than some of the other xrp channels because you dont take all day to get to the point.

  3. Thanks for another great vid, only found this one now. Could you please keep us up to speed on SBI, what you have heard, when they are opening etc …..

    Many thanks


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