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Reading: Trump’s Administration Might Shift Focus from XRP to Bitcoin
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COINTURK NEWS > Cryptocurrency News > Trump’s Administration Might Shift Focus from XRP to Bitcoin
Cryptocurrency News

Trump’s Administration Might Shift Focus from XRP to Bitcoin

In Brief

  • Rumors suggest a shift from XRP to Bitcoin by the U.S. Treasury.

  • Market reactions indicate rising caution among investors regarding XRP.

  • Experts highlight potential benefits of Bitcoin for the U.S. economy.

İlayda Peker
İlayda Peker 2 years ago
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Recent claims suggest that the U.S. Treasury, linked to President Donald Trump, may sell XRP assets to invest in Bitcoin $78,415. Although there has been no official statement, these rumors have triggered a sudden drop in XRP prices. In just 24 hours, XRP lost 8.3% of its value, while speculation surrounding Bitcoin intensifies. Experts warn that such liquidation could profoundly impact market dynamics.

Contents
Claims of XRP Sale and Bitcoin InvestmentMarket Reaction and Expert Opinions

Claims of XRP Sale and Bitcoin Investment

Reports indicate a plan to sell seized or state-owned XRP during the Trump administration to generate funds for Bitcoin acquisition. David Bailey, CEO of Bitcoin Magazine, suggested that after these sales, XRP could plummet below one cent. Meanwhile, Michael Saylor from MicroStrategy emphasizes the long-term value of Bitcoin, urging investors to “never sell.”

Trump’s earlier statement, “Never sell Bitcoin… Who knows if it’s true?” adds to the uncertainty. The lack of clear details causes investors to act cautiously. Despite a weekly increase of 7% in XRP, the recent downward trend raises concerns.

Market Reaction and Expert Opinions

XRP’s decline to $2.33 and a 13% decrease in trading volume reflect investors’ risk perceptions. Dan Romero, founder of Farscater, argues that selling seized assets could yield profits, while figures like Robert Kiyosaki believe a potential rise in Bitcoin could positively impact the U.S. economy.

The absence of official statements exacerbates speculation. Some analysts predict continued selling pressure on XRP. Conversely, Bitcoin’s perception as a safe haven among institutional investors supports these claims. Market participants are closely monitoring upcoming developments.

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İlayda Peker 9 March, 2025 - 12:06 am 9 March, 2025 - 12:06 am
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İlayda Peker
By İlayda Peker
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The author, who holds a degree in International Relations and Political Science, has 10 years of experience as a writer and editor in the fields of cryptocurrency, blockchain technologies, and digital asset markets.While at COINTURK, he has published over 8,500 news articles, analyses, essays, and reports on Bitcoin, altcoins, cryptocurrency markets, the blockchain ecosystem, digital asset regulations, and global financial developments. Closely following market movements and industry developments, the author addresses the complex world of cryptocurrency in a clear and reader-friendly manner.An avid reader, the author also evaluates the impact of international developments on financial markets and the digital asset ecosystem.
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