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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 1 year 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 $78,262. 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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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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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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