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XRP: Resilience Amidst Challenges

Mary-Kate Olsen
Release: 2024-11-18 06:58:18
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In a recent episode of the Thinking Crypto Podcast, host Tony Edward and guest Matt Hogan, Chief Investment Officer at Bitwise Asset Management, explored the transformative potential of XRP, the growing prominence of Bitcoin and Ethereum ETFs, and the exciting trajectory of the crypto market heading into 2025.

XRP: Resilience Amidst Challenges

In a recent episode of the Thinking Crypto Podcast, host Tony Edward and guest Matt Hogan, CIO at Bitwise Asset Management, discussed the transformative potential of XRP, the growing prominence of Bitcoin and Ethereum ETFs, and the exciting trajectory of the crypto market heading into 2025.

Edward began by highlighting XRP’s growing appeal, underpinned by its strong community and robust technology. Despite Ripple’s ongoing legal battle with the SEC, XRP’s potential remains largely untapped, poised for greater recognition as the regulatory fog clears.

"I think XRP is a fascinating case study because the community is so strong, and the technology is so sound, but because of the SEC case, it’s really held back XRP from being able to fully participate in this bull market," said Edward.

Later in the conversation, Edward brought up XRP ETFs and cited comments from Senior ETF analyst Erich Balchunas of Bloomberg, who noted the significance of the huge inflows that Bitcoin ETFs have seen this year.

"Gold ETFs had to wait six months to see an equivalent capital allocation, and the majority of market analysts are expecting an XRP ETF coming next," said Balchunas.

Hogan also reflected on the unprecedented success of Bitcoin ETFs, projecting that 2025 could see ETF inflows exceed those of 2024. He emphasized how institutional and retail adoption is likely to accelerate as ETFs capture significant portions of the Bitcoin market.

"I think 2025 will have more ETF inflows than 2024, and the funny thing about that is that 2024 was already a record year," said Hogan.

The conversation touched on the potential for a U.S. Bitcoin strategic reserve, which could trigger global FOMO among nations and institutions alike.

"If the U.S. were to announce a strategic Bitcoin reserve, I think that would create FOMO on a global scale, not just from the institutions but from the governments themselves," said Edward.

Looking Ahead: Excitement Across Chains

The podcast concluded by discussing a shifting Overton window in crypto adoption, with more governments and institutions considering Bitcoin and crypto assets as integral parts of their portfolios. The potential for widespread adoption, regulatory support, and new ETF offerings could mark the dawn of a new era in crypto investing.

Edward and Hogan expressed optimism about the future of various blockchain ecosystems, including Solana, Avalanche, and XRP. With an increasing demand for index-based crypto products, investors may find opportunities for diversification across a spectrum of innovative protocols.

"I’m excited about the Solana ecosystem, the Avalanche ecosystem, and XRP, of course, but also just seeing how these different ecosystems grow and mature and offer different opportunities for investors," said Edward.

Finally, Edward touched on the potential impact of Trump announcing a crypto-friendly regulatory framework, which could lead to the resolution of many crypto cases.

"If Trump does announce a crypto-friendly regulatory framework, like he’s been promising, I think that could lead to the resolution of many crypto cases, which could clear the path for altcoin ETF approvals," said Edward.

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