Expert Says Many “Will Look to XRP As a Store of Value”. Here’s when
Main Idea
An expert predicts that XRP could gain recognition as a store of value, similar to Bitcoin, due to its scarcity, regulatory clarity, and growing institutional interest.
Key Points
1. Bitcoin is currently the primary digital store of value, but XRP may attract similar recognition in the future.
2. XRP has a capped total supply of 100 billion tokens, with over 40% held in escrow by Ripple, limiting active circulation.
3. Investment firms like Bitwise and Franklin Templeton are reportedly waiting for regulatory approval to launch XRP-based ETFs.
4. Companies such as VivoPower International and Trident Digital Holdings plan to hold XRP as a long-term asset on their balance sheets.
5. The expert predicts XRP could reach a cycle peak of $20-$30, representing a potential 500%+ surge from its current price.
Description
Financial analyst and commentator Zach Rector has raised the possibility that XRP may become a preferred store of value following the culmination of the current cryptocurrency market cycle. In a recent post on X, Rector suggested that investors might start shifting capital into XRP once the market reaches its next peak, potentially using it as a tool to preserve gains. Currently, Bitcoin is widely recognized as the primary digital store of value, often compared to traditional assets that exhibit...
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