With Donald Trump's election to a new presidential term, the cryptocurrency XRP has a chance for significant growth due to new tax freedom initiatives for US-based cryptocurrencies.
Axis of American Crypto Companies
President Trump plans to eliminate taxes on profits from cryptocurrencies issued by American companies. In light of this news, Coinbase's stock has risen nearly 50%. Companies like Hedera Hashgraph, Cardano, Algorand, and Ripple are also expected to benefit significantly.
Support from SBI Holdings
SBI Holdings, one of Japan's largest financial companies, owns 8% of Ripple Labs and actively supports XRP for cross-border transactions. Their stake is valued at 1.6 trillion yen, surpassing the market value of the company itself.
MicroStrategy Strategy for SBI
SBI plans to follow MicroStrategy's example by actively acquiring XRP. This could involve issuing bonds or increasing shares to fund purchases, similar to MicroStrategy's practices with Bitcoin.
Trump's plans and the actions of big companies like SBI Holdings could provide a strong impetus for XRP growth, potentially attracting significant institutional investment in Ripple and strengthening the company's position.
