#012 - Is Mastercard About to Save XRP?!
Manage episode 521293222 series 3696963
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In this episode of Crypto Coach Will, Mitch dives into the chaos around XRP and reacts to some of the wildest clips on the internet claiming it will hit one hundred or even five hundred dollars. He walks through the basic maths of market cap and supply to show why those price targets are fantasy, comparing what XRP would need to be worth against assets like Bitcoin and gold. Mitch also breaks down the history of XRP as a so called banking coin, its heavy premine, missing early blocks, and why a tiny group holding most of the supply turns every cycle into a giant exit on retail. Along the way, Mitch contrasts XRP with Bitcoin, revisits why Bitcoin was created in the first place, and explains why he sees XRP as the best meme coin to trade rather than a serious long term wealth building asset. If you hold XRP, are thinking about buying it, or are just sick of hopium filled TikToks, this episode will give you a blunt reality check and a clearer way to think about risk, hype, and actual fundamentals in crypto.
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Timestamps:
00:00:00 - Introduction
00:01:05 Why Will Is Reacting To XRP Clips
00:01:25 XRP To Five Hundred Dollars Clip
00:04:12 Inflation Hyperinflation And Fiat Scam Talk
00:04:16 XRP Hit One Hundred Fantasy Skit
00:05:46 Back To The Episode
00:05:48 TikTok Rant About XRP Being Useless
00:06:00 Why So Many Older Investors Love XRP
00:07:23 Premine And Missing Early Blocks
00:07:36 Founders Selling On Retail Every Cycle
00:08:09 Reaction To Meme Trader Clip
00:08:14 How Advertising Keeps XRP Alive
00:11:26 Education Before Investing Reminder
12 episodes