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Bitcoin's recovery could convince many investors that it's a stable long-term asset like gold or silver. So should growth-oriented investors shift from Bitcoin and buy XRP (CRYPTO: XRP) on the chance that it might take off? Those new funds could stabilize XRP's price and lock in more mainstream investors.
XRP (CRYPTO: XRP) , the digital currency of the Ripple blockchain, has taken its investors on a wild ride since its market debut in 2013. That lawsuit ended XRP's rally and drove away the bulls, and rising interest rates exacerbated that pressure by driving investors away from cryptocurrencies and other speculative investments.
The trust was created in 2013 and initially offered solely to institutional and accreditedinvestors before it began trading over the counter in 2015. Bitcoin has minted millionaires for years, but there are nuances to cryptocurrency that can be a pain to deal with. Enter the Grayscale Bitcoin Trust ETF (NYSEMKT: GBTC).
Many cryptocurrencies lost their luster during the past two years as rising interest rates drove investors toward more conservative investments. We should take those optimistic estimates with a grain of salt, but Bitcoin could still have plenty of room to run as investors warm up to cryptocurrencies again. But the U.S. million by 2030.
By contrast, XRP's entire supply of 100 billion tokens was pre-mined before it launched in 2013. XRP overcomes its biggest challenges When Ripple initially launched XRP in 2013, it hoped the token would be adopted for financial transactions on its payment platform. Learn More Image source: Getty Images.
When Ripple launched XRP in 2013, it hoped its customers would adopt the token for their financial transactions. Grayscale also relaunched its XRP Trust as a new closed-end fund ( CEF ) for accreditedinvestors , and several firms registered to sponsor their own spot XRP ETFs. presidential election.
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