Ripple (XRP) Could Explode Alongside Bitcoin and Ethereum: Here’s Why (Report)
TL; DR
Forbes notes that the US economic downturn will boost cryptocurrencies, particularly Bitcoin, Ripple and Ethereum. Forecasts by experts such as Christopher Wood and Robert Kiyosaki suggest a possible shift from the US dollar to Bitcoin and gold. Following legal victories at the US SEC, Ripple's XRP will benefit more from the 2024 trial and possible banking partnerships.
Financial Crash = Crypto Bull Market?
According to the recent report of the American business magazine – Forbes – the American economy and the country's public money may fall due to various reasons. Some of the factors contributing to the potential crash are the US “debt death spiral” and the mass printing of fiat initiated by the Federal Reserve.
Body Estimate Amidst the uncertainty in traditional finance, such a dark issue could be very beneficial for the cryptocurrency industry, with Bitcoin (BTC), Ripple (XRP), Ethereum (ETH) and other assets reaching new highs.
Christopher Wood – Global Head of Equity – “Inability to successfully implement such an unconventional monetary policy, the fall in the paper level of the US dollar can benefit both gold bullion owners and also Bitcoin owners. Strategy by Jefferies – Commentary.
Forbes is not the only entity to predict a crypto bull market in the event of a future economic crisis. Japanese-American entrepreneur and author – Robert Kiyosaki – proposed that At the beginning of this year, the US dollar was “dying” and urged investors to focus on BTC and precious metals. Those who want to learn more can watch our dedicated video below.
Could 2024 be the year of XRP?
Ripple's native token has been the subject of many price predictions lately, especially after the blockchain enterprise won two victories in a row in its legal battle with the US SEC. The property rose more than 70% after the first court decision in July and more than 6% when the judges were in place last week. not allowed The supervisor to appeal the decision.
According to ChatGPT, the litigation between the firms (scheduled for April 2024) could ultimately be decisive for XRP's bull run. Other possible reasons asked a question An AI-powered language model added, adding that the rate increase could be the adoption of banking partnerships or financial institutions.
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