• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ripple and Trump: The Potential for XRP Growth

user avatar

by Giorgi Kostiuk

a year ago

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.

President Trump wants to eliminate all capital gains taxes on cryptocurrencies issued by U.S. companies.

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.

SBI Holdings could adopt the MicroStrategy model and start buying XRP.

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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bullish Divergence and Descending Triangle Forming for DOGE

chest

Analysts have identified a bullish divergence and a descending triangle on DOGE's daily chart, indicating potential price movements.

user avatarNguyen Van Long

Market Commentary on DOGE's Recent Price Action

chest

Market commentator BitGuru discusses DOGE's recent price action and potential scenarios for traders.

user avatarSatoshi Nakamura

XRP and ALGO Join the High-Conviction Cluster

chest

XRP and ALGO have joined the high-conviction cluster with bullish sentiments above 90, indicating a renewed focus on infrastructure-focused chains.

user avatarLucas Weissmann

Bullish Sentiment Surges Above 90 in Major Blockchain Networks

chest

Bullish sentiment has surged above 90 across multiple blockchains, led by XLM, with XRP, ALGO, CRO, and KAS close behind.

user avatarJesper Sørensen

Bitcoin Cash Approaches Key Resistance Level

chest

Bitcoin Cash is currently trading near 6603 after a significant price expansion, with volatility increasing and key support levels identified.

user avatarRajesh Kumar

Whale Trades on Hyperliquid HYPE Become Public Spectacle

chest

Whale trades on Hyperliquid HYPE are now visible in real-time, significantly impacting market dynamics.

user avatarEmily Carter

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.