Steve McClurg, CEO of Canary Capital, discusses the potential of several altcoins, including XRP, in light of the current cryptocurrency market.
Optimistic Outlook for Altcoins
In a recent interview, Steve McClurg provided a positive outlook on various large altcoins. He stated that he expects many of them to double in price this year, with XRP being the first mentioned as one that could outperform Bitcoin in 2025.
Bitcoin as a Defensive Asset
While McClurg maintains confidence in Bitcoin, he positioned it as a defensive asset in the current market environment. He compared Bitcoin to the Dow, suggesting it serves as a safe haven for investors seeking to stay within crypto.
XRP’s Position in the Market
With improving regulatory clarity and renewed institutional interest, XRP continues to hold a noteworthy position in global payments infrastructure. Experienced investors like McClurg see this asset as significant in the forthcoming changes within the crypto market.
Given the optimistic forecasts and growing investor interest, XRP and other major altcoins could emerge as key players in the market in the coming years.
