It was not unusual to hear him talking about the stock market during a reporter interview during his office during his appointment during his appointment. In a sense, this is not completely surprising, given his history as a real estate developer. Since he was swearing again last week, Trump has frequently talked about other market -related items, such as interest rates and tariffs.
However, the president seems to have formed an interest in other fields other than the traditional dynamics.
In the following, we will examine the two popular cryptocurrency and claim that it is a better purchase in an elliptical office in the next four years of Trump.
Ripple is a payment network that functions as an alternative to legacy solutions, such as the Swift Financial and News Association (Swift) protocols. The main advantages of using Ripple infrastructure are the payment time and low price compared to the mainstream providers. XRP (Crystal: XRP) Is a cryptocurrency traded in the Ripple Network, which provides a creative method for banks and companies to avoid a large amount of foreign exchange fees and go back and forth.
At the time of this writing (January 27), the price of XRP is about $ 3. It’s cheap, right? Well, as I wrote earlier, the lower amount of dollars is not always equivalent to a reasonable price asset.
XRP price data by YCharts
In the chart above, you can see that XRP had traded more than $ 1 last year. However, in November, cryptocurrencies have risen sharply and are now a market capitalization of $ 171 billion.
The main catalyst that promoted the rapid increase in XRP was Trump’s re -election. During his time in the campaign trail, Trump frequently advertised professional cripes -especially from the perspective of regulations.
In addition, Paul Atkins, which leads to the Securities and Exchange Commission (SEC), is also considered a great positive for XRP. The reason is that Ripple spent a legal whirlwind with SEC for the past few years. Given the support of Atkins’s encryption landscape, his leadership at the SEC (he should be confirmed) can end Ripple’s lawsuit and open the way to the bright future of XRP. Some people guess that they can do.
Image source: Getty image.
Immediately after the inauguration ceremony, Trump stepped into an elliptical office and signed the Presidential Order of the Presidential Order. Among them, there was an order to “promote US leadership in digital assets and financial technology.”
The story will continue
This statement is quite wide, but I think this order is particularly positive for bitcoin. (Crypto: BTC)。 My inference has been developed mainly by the president, and some of the inner circles are consistently floating strategic bitcoin reserve ideas.
Bitcoin is a more established cryptocurrency than the XRP, and the concrete support of the president gives me some confidence. However, the president is delegated to work on a framework that is friendly to encrypted by advisors, and the potential recruitment of bitcoin in the US balance sheet does not necessarily mean these things.
It can be seen that Atkins has been confirmed to be leading SEC, but it may be Ripple’s positive, but if SEC stops litigation against the company, the upward swing of XRP may be a fleeting. I think there is. In other words, Ripple has won the SEC lawsuit not necessarily a success story for XRP. The reason is that banks and companies can cooperate with the Ripple payment network without hiring XRP in any way.
In addition, be aware that Ripple comes out of legal turbulence, in accordance with the powerful volatility that XRP can experience. For me, XRP remains a speculative opportunity in the cryptographic area, and I will invest in it now.
However, I am optimistic that a better day for bitcoin will continue for the next four years. I think the regulatory environment surrounding the ciphers will change dramatically under Trump.
Bitcoin still has some speculation, but when compared to other cryptocurrencies such as XRP, I am more bullish in the price appreciation in the long term.
Have you ever felt like missing a boat when buying the most successful shares? Then you will want to hear this.
In rare cases, analyst expert teams will issue “double -down” stock recommendations to companies that they are trying to pop. If you are worried that you have already missed a chance to invest, it’s the perfect time to buy it before it’s too late. And the numbers talk for themselves:
NVIDIA:If you invest $ 1,000 when you double in 2009,$ 323,219! *
Apple: If you invest $ 1,000 in 2008, $ 44,996! *
Netflix: $ 524,860 if you invest $ 1,000 in 2004! *
Currently, we are issuing “Double Down” alerts to three incredible companies, but there may be no such opportunity.
learn more “
*The stock advisor will return as of January 27, 2025
Adam Spatacco is not located in any of the mentioned shares. Motley Fool has a Bitcoin and XRP position and is recommended. Motley fools have a disclosure policy.
XRP (Ripple) vs. Bitcoin: Is it a better purchase during the Trump administration? Originally published by The Motley Fool
