XRP Breaks $1!

XRP to $1, Bitcoin To $200k?, Doom Spending Has Started, Trump Tariffs Will Shake Things Up, D.O.G.E. Is Gearing Up To Change the Government For Forever....

Author

Economic Ninja
November 17, 2024

The Daily Ninja 11/17/24

📈 Bitcoin's price could potentially reach $200,000+ in the future, driven by its role in decentralized finance (DeFi) and increased adoption through Bitcoin ETFs allowing pension funds and private equity to invest.

🌡️ The current fear and greed index indicates an overheated cryptocurrency market, suggesting a likely near-term pullback despite recommendations for minimal exposure to Bitcoin and XRP.

💰 Both gold and Bitcoin derive value from their network effect as non-confiscible assets in the Fiat monetary system, serving as insurance against hyperinflation, banking system failure, and state default.

🔄 Bitcoin's 260-day complexity approaching the 1.2 level typically signals the start of a crypto winter (correction phase), which usually occurs 12-18 months after a major price increase.

🏛️ The US government's approval of Bitcoin ETFs is expected to fuel speculation by enabling large investors to access Bitcoin, creating significant buying power in the market.

💰 "Doom spending" is a dangerous coping mechanism for economic anxiety, potentially leading to cycles of debt and financial instability.

📈 Historically, more millionaires were created during the Great Depression than any other time, highlighting the importance of investing in oneself during economic downturns.

🧑‍🤝‍🧑 Gen Z and Millennials are more likely to engage in immediate gratification spending, mirroring the behavior of Baby Boomers in their youth.

📊 Maintaining a strong credit score is crucial for financial success, with courses offered to help improve creditworthiness and manage debt effectively.

💼 The Ninja claims that by making financial changes now, such as paying off debt and improving credit scores, individuals can potentially experience significant wealth growth within 18 months.

🏭 Trump's proposed 60% tariffs on China could lead to supply chain shocks, job losses, and higher prices, particularly for prescription drugs, but may ultimately result in more American factories and higher wages.

💰 The US-China trade war could trigger significant economic changes, diplomatic tensions, and security issues, with China potentially retaliating due to its substantial holdings of US dollars.

🏘️ The Texas rental market is experiencing a collapse, with Austin as an exception, showing a 2% year-over-year increase in asking rents while the rest of the US remains flat.

⚖️ Ripple's $125 million settlement with the SEC should benefit individual XRP holders affected by the regulatory action, according to Pro XRP lawyer John Deon.

📈 The economic ninja predicts serious issues in the coming year, including foreclosures and house losses, but suggests potential for massive prosperity through investments in Bitcoin, silver, and gold.

🚀 XRP recorded a 10% breakout rally in 24 hours, decoupling from the 4% market correction in Bitcoin and Ethereum, fueled by speculations around Ripple's next move in the long-running legal case.

💼 Ripple is a private company that will eventually go public, having raised shares but not yet IPO'd, while XRP existed before Ripple acquired and developed it for central bank digital currencies and bank remittances.

⚡ XRP is super fast for peer-to-peer transactions and bank transfers, making it ideal for financial transactions, recording data on blockchain for stocks, and banking at warp speed.

🔥 XRP has a burn rate where transaction fees and a small percentage of XRP are destroyed forever, with the burn rate increasing as transactions pick up.

💰 The Economic Ninja invested in XRP since it was 2 cents, believing in its potential for revolutionizing financial transactions, blockchain data recording, and high-speed banking.

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👵👴 The Economic Ninja believes 50+ people have the potential to build YouTube channels with over a million subscribers and wants to help them succeed by sharing his best training and tools.

💰 The challenge presents an opportunity for older individuals to give back to younger generations while potentially earning money through YouTube content creation.

🏛️ Trump plans to dismantle the US government, starting with the Department of Education, giving states the right to govern education individually and promoting positive education about the nuclear family and gender roles.

🎓 Trump intends to pull funding from schools and colleges that indoctrinate children or young adults, as part of his strategy to protect parents' rights and promote his educational vision.

🏆 Trump's cabinet will make clear that Title IX prohibits men from participating in women's sports, while celebrating differences between men and women.

💼 According to the Economic Ninja, Trump's cabinet is planning massive turnarounds in other governmental departments, with the Department of Education being the first leg to be dismantled.

🔪 Trump's cabinet aims to cut fat in government departments without losing jobs, based on the Economic Ninja's personal experience in Emergency Management.

Go out and crush it!

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