The Crypto revolution is here! That’s according to one former Goldman Sachs executive who believes that Wall Street is dead. He believes that Dogecoin was the first shot across, XRP was second, what are we going to see next?
BitBoy Crypto is joined by Bill Noble in an awesome interview to discuss everything going on in Wall Street recently.
“In short, it is all out war against the system. It starts with something small like GameStop and then it kind of move over to like Dogecoin and Ripple so that’s like the shots to the fire” Bill Noble said.
The President and The Legislatures knew about GameStop because “If these guys[hedge funds] squeeze out enough shorts and force enough guys[regular traders] to have to sell longs like FAANG[Facebook, Apple, Amazon, Netflix and Google] stocks to cover the losses, these guys could blow up the system.
Remember when Hedge funds blow up, the bank that lent them the money also takes a huge share. These guys are so powerful, I’m not even sure they realise how powerful they are” Bill Noble added.
BitBoy asked the former Goldman Sachs executive the angle[of view] that he noticed about Ripple(XRP) that’s hardly being thought about with what’s going on with Ripple right now[pump].
“The thing about Ripple is that the government picked on them on the way out, I know they have a case and Ripple is going to fight back but these Reddit guys are going after Ripple because the government was picking on them” Bill answered.
They start with Hedge Funds and then they move over on to ‘Uncle Sam’ and eventually these guys are going to get so big, I don’t know if they are going to go after Bitcoin or they are going to go after the whole stock market.Bill Noble
“The US government is not being run for the benefit of the stock market anymore, if these Reddit guys shake the tree hard enough the Fed cant be seen coming in and save everything because it’s about market manipulation. Now its Dogecoin and Ripple but what is going to be next week and the week after?”.
BitBoy Crypto asked Bill Noble what his thoughts are about breaking the power structure of wall street, taking control of our[personal] data & privacy and why move to crypto especially when he was one of them[at Goldman Sachs].
“At Goldman I was the crisis technical analyst when the market will move alot, they would turn to me especially when other research groups will be slow to react. When I saw Crypto, when I saw this ability to be free especially from the Fed, remember who we are talking when we talking about the government. The Fed prints money, levitate FAANG stocks, the FAANG stocks become the Hedge funds hotel, that’s what these guys could be rebelling against[Reddit and retail investors]. When I was at Goldman, I just looked at what the Fed was doing with all this printing and it wasn’t a free market anymore. Crypto is a free market, it’s electronic, goes up and down and got a natural rhythm”.