Bitwise CEO Sparks Debate on Ripple’s Future Identity: Details
2025-07-12 00:07:06
Main Idea
Bitwise CEO Hunter Horsley's remarks about Ripple potentially becoming an XRP treasury have sparked debate, amid growing institutional interest in XRP for treasury purposes and Ripple's significant XRP holdings.
Key Points
1. Bitwise CEO Hunter Horsley questioned whether Ripple could soon be described as an XRP treasury, not just a blockchain company.
2. Institutional interest in XRP for treasury purposes is growing, with firms like Trident Digital and Webus raising nearly $1 billion in XRP-linked treasury products.
3. Ripple holds 40.92 billion XRP (41% of circulating supply), managed via escrow to control liquidity and market impact, leading some to view it as a reserve strategy.
4. Some XRP community members, like Edoardo Farina, speculate Ripple's escrowed XRP could be earmarked for strategic purposes, though Ripple has not confirmed this.
5. The debate has divided the XRP community, with some arguing Ripple's large holdings already make it function like a treasury, while others see a need for clearer strategic direction.
Description
Hunter Horsley, the Chief Executive Officer of Bitwise Asset Management, has drawn attention to a developing narrative in the digital asset space, the idea that Ripple may transform into an XRP-centric treasury entity within the next year. In a recent post on X, Horsley publicly contemplated whether Ripple could soon be described not just as a blockchain company, but as an XRP treasury institution. I wonder if in 12 months, people will call Ripple an XRP treasury company. — Hunter Horsley (@HHor...
Latest News
- Bitwise CEO Sparks Debate on Ripple’s Future Identity: Details2025-07-12 00:07:06
- Shiba Inu (SHIB) Poised for 1,529% Surge as Bullish Momentum Builds Up2025-07-11 23:34:58
- Frozen Price, Explosive Potential: Arctic Pablo’s $0.00047 Presale Could Turn $1500 Into $25K — Best Crypto to Invest in 2025, as Pudgy Penguins and FLOKI Gain ...2025-07-11 23:34:42
- Can Tron (TRX) Deliver 6-Figure Returns? Analysts Say This Audited AI Token Could Do It with Just $2,0002025-07-11 22:14:32
- Just $2,000 Could Net You 6 Figures, Here’s Why This New Audited AI Token Should Be on Your Watchlist2025-07-11 21:03:21