XRP Inheritance: Multi-Signing, Uphold and the $124T Handover

if you don't have a way for your beneficiaries and fiduciaries to get access to your private keys or your crypto accounts if you choose online custody, there is no troubleshooting. There is no help desk call. If you do not have a plan for succession of those assets, it's likely they will be unrecoverable and of no value, unfortunately, to your beneficiaries.

That's an estate lawyer whose whole job is what happens to your money when you're gone. And that's her verdict on crypto with no plan. No help desk. Now, over the next 20 odd years, about 124 trillion dollars is going to change hands in America down to families. And the only part of it that can just vanish with nobody to ring is the part sat behind a recovery phrase only one person knows.

By the end of this, I'll show you the second door the XRP ledger had built in all along. And the platform that put an XRP inheritance feature on that idea a few weeks ago. And I'll get you to check one thing on your phone which takes 10 seconds. If you've held XRP for years, partly for the people who come after you, I know exactly why you're in it. And there's a link in the description, the first one.

It's changed how a lot of people handle what they hold and who can get to it. And I'll tell you why before we're 5 minutes in. Because if you're holding a proper bag of XRP, this isn't just a big number on the news. It comes down to one question. If you weren't here tomorrow to type the code in, could the people you love actually move your coins?

And that lands on your coins and mine. By the end of this, I'll show you that second door and the three decisions it forces on anyone holding a proper bag. So, stay with me. So, where's that number from? A Boston firm called Cerulli Associates who basically count America's money for the big wealth managers.

Let's hear how CNN laid out. Over the next 20 to 25 years, A from Cerulli Associates estimates that between 84 trillion and 124 trillion in US wealth is going to move from baby boomers and older generations to their Gen X and millennial children, to their grandchildren, and to charity. To put that in perspective, the high end of that prediction, 124 trillion dollars, that's more than four times the size of the entire US economy. And nothing like this has ever happened before.

Four times the whole US economy. And that's just America, because that's all Cerulli accounted. So, easy maths, right? Out of the 124 trillion, about 105 goes to families and 18 to charity, and nearly 100 trillion of it comes from the baby boomers and the generation above, which is crazy, because if you're 50-odd, you're probably on both ends of it. Now, here's the bit that winds me up.

Cerulli's release doesn't mention crypto once, so the crypto link is ours. And I'll be straight about that. But, that's exactly why it matters for us, because crypto is the one thing in that pile that doesn't come with someone to call. For me, that's the biggest gap in the whole conversation. Finding the number is easy, but what I'd actually check is where your own coin sit, and we'll do that in a minute.

Welcome back to Bull Runners, right? I've been sat with a coffee and this report, and it's all my opinion. So, tell me yours in the comments, and I'll give you the good and the awkward on this one, because it's your whole family's money, and that deserves a whole picture.

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Think about how this plays out. Someone you love is sat at your kitchen table with your phone in their hand. They know there's XRP there somewhere, but they don't know which app, they don't know the code, and they've never seen a recovery phrase in their life. That's a horrible feeling, and sorting it alone is harder than it sounds. Half the advice says hide everything, half says share everything, and nobody hands you a plan for your own bag.

That's me in a much smaller way. I send money back and forth through America and Asia all the time, and it still takes 3 days. 3 days staring at pending on my own money with someone else deciding when it lands. If you've ever sent money abroad, you'll know that feeling. And that's exactly why that first link's there.

Getting your setup sorted so it's not all in your head is what the team helps with. And it starts with a short free video and a free chat about your own coins. So, stick with me because I'll show you properly at the end what we actually do about this. Right, let's walk through it door by door because this is a bit nobody explains properly. Door one is the bank.

When someone dies with the money in a bank account, it's slow and it's paperwork, but there's a building, there's a phone number, and somebody's job is to hand it over. Door two is the exchange, which is where a lot of people keep their XRP. And here's the other lawyer from that opening clip on the difference between that and holding it yourself.

Uh when we're talking about crypto in these instances, we're talking about direct blockchain holdings as opposed to a Coinbase account or a an exchange account in which someone else holds the crypto and you have a an interest or an account with that provider. That's not to say working with Coinbase or others is is easy, but there is someone to call and there is a process to arrange for the transmission of the underlying asset. If you lose the private key, you cannot arrange for the transmission of that further transmission of that cryptocurrency, and it's lost forever. There's no help desk, there's no reset my password, it is just gone forever.

So, with an exchange, there's someone to call, and that sounds reassuring, doesn't it? Until you remember that someone is still just a company run by people on their timetable. The best example I know is QuadrigaCX, which was Canada's biggest crypto exchange at the time. It's boss died in India in December 2018 and customers weren't told until the 14th of January 2019. More than 76,000 of them were owed around 215 million Canadian dollars.

And CBC reported the exchange kept taking deposits that whole month. When Canada's securities regulator went through it, they found most of the shortfall came down to his own fraudulent conduct. So, the help desk turned out to be one bloke and that to me is mad because 76,000 people thought door two was the safe one. And then there's door three, your own wallet. A lot of us has ended up here because after FTX, holding it yourself is the whole point.

And I'm a massive believer in that. But there's no building and no phone number. The recovery phrase or the set of numbers your wallet gave you is the key to the lot and if it only lives in one head, it goes where that head goes. Here's what that feels like from the inside. From a programmer who went on to be Ripple's chief technology officer.

Back in 2011, he was paid 7,002 Bitcoin for making a video and he locked them on a super secure drive that only gives you 10 goes at the password.

I tried to pick a very secure one because I was very concerned about losing those uh those coins. Just lie in bed and come up with a new way to recover it and then wouldn't work and then I would try another way and it wouldn't work either.

He picked it because he was worried about losing them and that's what locked him out. That's someone who knows his stuff better than almost anyone alive and well lying in bed trying to remember a password. Now, imagine your family trying to do it without you. And this is a bit most of us get wrong. We think the safest thing to do is hide it so well nobody could ever find it.

And against a thief, that's spot on. But hiding it and handing it on pulling opposite directions, nobody ever really explained that to us. A study back in 2020 about 1,150 crypto holders found 89% were worried on some level about whether their crypto could reach their family after they die. And only about 7% of crypto holders in it had put their crypto in a will. So, nearly all of us are worried and hardly any of us have done anything, which is crazy when you think about how long most of us has held.

That balance locked down tight, but still set up so it can be handed on is the sort of thing the team works through with numbers, by the way. Because the safer you make it, the harder it gets to pass on. Now, the bit that stinks, not everyone thinks this 124 trillion is real money that's actually coming. Here's a writer on CBS making the case that a lot of it never gets handed down at all.

The baby boomer has about half of the wealth in this country. Um does not necessarily mean that it's going to be inherited by the next generation. An awful lot of that wealth is there to support them through their old age, and it will get spent.

And she's got a point. Back in July, Visa put out his own number, reckoning only about 36 trillion of the boomers' money actually reaches their kids over the next 20 years. And CNBC put it side by side with Serially. That's a big gap, and I'm not going to pretend it isn't. But it doesn't change our question.

Whether it's 124 trillion or 36, whatever's left still has to go through one of those three doors. And the XRP you've held through every crash is exactly the sort of thing that is still there at the end. The size of the pile is up for debate, but whether yours gets through the door is up to us. And that's where it gets interesting, because the XRP ledger had an answer to this built in from the start. It's called multi-signing.

If you've not come across it, think of a safety deposit box that needs two keys turned at once. You can set your XRP account up so the payment needs more than one signature. And those keys can sit with different people. Here's the Xaman wallet explaining it in their own tutorial.

If you have a lot of funds in a single account, it's too much of power concentration on that one secret key. If you lose the key or someone gets hold of it, you might lose all the funds in that account. For example, I can have one key in my wallet and maybe another key with a family member or a friend.

And that's not some add-on. It's in the Ledger's own documentation. One of the reasons it gives for multi-signing is handing the power to send from your address to a group of people who can control it if you're unavailable or unable to sign. That's the Ledger itself saying, "We thought about the day you can't sign." Then on the 28th of September, Uphold, a platform loads of XRP holders use, teased that an XRP first was coming that week. It got over 660,000 views.

And plenty of holders were hoping it was about the price. It wasn't. The next day they launched an inheritance feature, and here's their CEO.

Brand new this year is an inheritance feature, which allows you to pass on your XRP or your Bitcoin to a beneficiary of your choice automatically and securely.

Their head of product spelled out how it works on X. It's a two of three setup. You hold two keys and they hold one. And you name someone who can't even see your balance while you're alive. When the time comes, neither that person nor Uphold can move it on their own.

It covers XRP, Bitcoin, and HBAR. Now, I'm not telling you to use it, and it's not the only way, but it's the first time a big XRP platform has put a door three in place that actually opens. And you can check every word of that on their X page. Spotting launches like that the week they land is the sort of thing the research team does for members, by the way. Here's one for free.

Grab your phone and open the app you keep your XRP on. If you got in with an email and a password and you never wrote down a recovery phrase or a set of numbers, then the exchange holds the keys and you're behind door two. If you did write one down, ask yourself something even simpler. Would anyone else in your house know which app it's in or where that bit of paper lives? If the answer's no, the plan only exists in your head.

And keep that bit of paper in mind because I'm coming back to it. Now, some of you are going "Fine. I'll sell all this app when I'm older." And you know what? I get it. Nobody wants to sit and think about this stuff.

But the Quadriga customers didn't get a warning and nobody's going to send us one either. And listen to what the man from Serial I said when CNN asked whether the people inheriting actually know what's coming. The final question, the recipients, do they know what's coming?

Uh they they hope it's coming. Um they don't know exactly why or how or when the wealth is going to go where it does go. Um I think something that we find is that uh there's there's a lack of communication and education across generations.

Now, were you listening? They hope it's coming. They don't know how or when. And that's with houses and pensions, the stuff that comes with the help desk. With crypto, if nobody's ever talked about it, they might not even know it exists.

So, my honest take, the 124 trillion headline is real enough even if the final number lands lower. But for us, it was never the point. Crypto's the only bit of family money that can be completely right and completely lost at the same time. already has a second door and most of us haven't fitted the handle yet. If you've held XRP through all of it and you're in it for the people who come after you, stick XRP in the comments and stick around because before the end, I'll tell you about the time I genuinely thought I'd never see my own money again. So, quick recap, 124 trillion dollars is starting to move.

Crypto is the only part of it with no help desk unless you build one. An exchange is only as good as the people running it and the XRP ledger has had a second door all along. And here's an economist on Bloomberg on why the timing hits people our age differently.

When we are living longer, which is a great thing, what do we do when people that would normally inherit in their 40s, in their 50s, and use that to buy a home or pay off their mortgage or put their kids through college? What do they do when they're inheriting in their 60s and their 70s? So, we have to think about wealth and transferring wealth in a different way.

Inheriting in our 60s and 70s while we're the ones passing it on to. So, it comes down to three decisions for us. Where do our coins actually sit? Who holds the keys and does anyone else know? Are they doing anything for us while we wait or is it just sat there?

And when would we actually move in or out? And is that written down anywhere but in our own heads? For me, the time to get that plan sorted is while we're here to make it. The coins have been never the hard part, were they? Holding them through everything was the hard part and you've done that.

What most of us are missing is the setup around them. Not because we're daft. Nobody ever showed us any different. And I'm not just saying that. That was me.

I once passed a 100 grand funded challenge with the trading firm. If you've not come across one, it's basically a firm letting you trade with their money once you've proved you can and you keep a share of what you make. I passed and then they refused to pay out around 30 grand. It took a long time and a lot of emails and I genuinely thought I'd never see that money. It was paid in the end and I've never used them since.

But knowing the money's yours and having no way to get it is a feeling that sticks with you. We've all had money we couldn't get at and I bet some of you have been there. The thing is, it's not hard to sort. That's what our private intelligence network is for, guys. Most of what I bring you on this channel comes from inside it and in there it goes a lot deeper than I can in one video.

Basically, the research team digs into where this is heading and members hear it first. They'll help you get it on your own keys so no bank or exchange can freeze it and set up properly so it's not all in one head. They'll show you how to get what you're already holding earning instead of just sat there doing nothing. And every week there's a call where the team walks you through how they're reading it and when they're buying and taking profit themselves so you're not guessing. And everyone in there is holding a decent bag and in it for the long haul, same as you and me.

Honestly, I'd be a lot further along myself had we start Altcoin Pro sooner. And if you've opened your app earlier and couldn't say who else would know where that bit of paper lives, that's exactly what the 15 minutes is for. And it's the same with anything you hold really. For one of our members, Tom, getting everything organized so he knows exactly what he holds and where it sits was the whole point. This is his real review hero.

He wanted real structure around his portfolio, not another signal group. He and his coach went step-by-step through his wallet and setting up his hardware wallet. And he says he's more confident now thinking about cold storage than when he started. Results like Tom's are exceptional and they didn't happen by sitting still. So, be exceptional.

Look, you could leave it and hope the timing works out or try and piece it together yourself at midnight scribbling numbers on the back of an envelope and hiding it in a biscuit tin like we all have. I'd rather you just spend 15 minutes with the team and came away with a plan for your bag. It's free and the worst case scenario is you come away clearer. So, here's what I do. Tap more under this video and hit the very first link.

Watch the short free briefing then book your free 15-minute call with someone on the team right underneath it. They'll go through where you're at with your crypto and tell you straight whether it's a fit for you. That's the first link. Pause this, do it now and come straight back. I'll be right here.

It's built for people holding $50,000 or more in crypto and if that's not you yet, that's absolutely fine. Keep watching these videos with me. They're up everyday. They're free and we'll keep learning this together. And look, none of this is financial advice.

It's not legal advice either, guys. It's just my take after a lot of digging. Crypto carries risk. What's happened before is no guarantee of what comes next and a member's result isn't a promise of yours. And your keys stay with you the whole way.

The team never needs them. So, stick with me, subscribe and there's a new one everyday. And the one thing I keep an eye on from here is whether the other big XRP wallets follow and build a door three of their own. Thanks for watching, guys. Keep your head, stack with purpose, and I'll keep you posted.

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