Co-CEO of CoinRoutes Says It Loud: “XRP is Beta to Bitcoin”
2025-07-15 18:17:45
Main Idea
CoinRoutes Co-CEO Dave Weisberger asserts that XRP's price movement is highly correlated with Bitcoin, describing it as having a high beta to BTC, and argues that legal developments are not the primary driver of its price.
Key Points
1. Dave Weisberger states that XRP's price action is primarily influenced by Bitcoin, often exhibiting higher volatility ('high beta') in response to BTC's movements.
2. He dismisses the notion that legal outcomes, such as Ripple's case with the SEC, are the main catalysts for XRP's price changes, emphasizing Bitcoin's macro trends as the dominant factor.
3. Recent market behavior supports Weisberger's thesis, with XRP rallying alongside Bitcoin, sometimes outpacing it during strong momentum phases.
4. Some in the XRP community believe the asset could eventually decouple from Bitcoin, but Weisberger maintains a data-driven view that it remains closely tied to BTC's performance for now.
Description
In a recent panel discussion shared by respected crypto analyst Xaif on X, Dave Weisberger, the Co-CEO of CoinRoutes, delivered a blunt assessment that has reignited debate within the XRP community: “XRP is beta to Bitcoin.” According to Weisberger, XRP’s price action is not primarily shaped by legal or regulatory developments, but instead follows Bitcoin, often with heightened volatility and momentum. XRP and Bitcoin: A High-Beta Relationship Weisberger’s comments stem from a broader observatio...
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