Matt Hougan, Chief Investment Officer at Bitwise, believes that XRP’s success can be largely due to the strength of the community behind the token.
Hougan, who attended the recent XRP event in Las Vegas, believes that the world of XRP is now embracing the idea that ripple-related cryptocurrencies and bitcoin serve a variety of purposes.
“I think the XRP world accepts the idea that BTC and XRP will serve a variety of markets and that BTC will flourish will not disrupt what XRP is trying to achieve,” he said.
As reported by U.Today, Ripple co-founder Chris Larsen, who supported the Greenpeace campaign targeting the Bitcoin Proof (POW) consensus algorithm, revealed that after a share of mining with renewable energy 50% of mining, he now considers major cryptocurrencies green enough.
However, Larsen’s post actually did little to repair the fence between the two communities. Some bitcoiners are like that I’m sure At first glance, a pro-bitcoin turn is nothing more than an attempt to repair reputational damage.
At a recent XRP event, Ripple CEO Brad Garlinghouse sought to build unity by making it clear that the Bitcoin community is not the enemy.
Sky-High XRP price target
As Reported by U.TodayBitiwise estimated that if XRP token prices can gain substantial foothold in sectors like payments and tokenization, they could surge to nearly $30 by the end of the decade.
Bitwise’s XRPETF
Bitwise also submitted to introduce the Spot XRP Exchange-Traded Fund in October, giving the token a major boost.
Recent SEC It’s postponed Make decisions about this product and other competing XRP ETF proposals.
