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HomeCrypto NewsMarketForbes Declares Impending $15 Trillion Quake Targeted at XRP and Others

Forbes Declares Impending $15 Trillion Quake Targeted at XRP and Others


Forbes alerts of a $15 Trillion earthquake approaching the crypto market fueled by BlackRock’s interest in Bitcoin ETF, potentially reshaping XRP demand.

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In a recent report, Forbes magazine sounded the alarm, alerting that an unprecedented seismic shift is hurtling toward the crypto market, with XRP at its epicenter. The article “A New Wave – Major Bank Reveals A $15 Trillion Earthquake” sheds light on a colossal event that could send shockwaves through XRP, Bitcoin, Ethereum, and Cardano.

A sign of the storm ticked last week when BlackRock, the world’s largest asset manager, announced its intention to plunge deeper into the crypto realm. Specifically, BlackRock, which has assets worth $10 trillion under management, filed for a spot Bitcoin exchange-traded fund (ETF) with the US regulator.

As the largest global asset manager, BlackRock’s actions signal an immense demand for Bitcoin exposure from its prestigious clientele. This would naturally ignite a domino effect leading to a rally around various coins such as XRP.

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Investors worth $5 Trillion Are Ready for XRP

Additionally, Forbes argued the possibility of the storm rocking the crypto market following a stunning revelation from Laser Digital, a digital assets subsidiary of banking behemoth Nomura. Its recent survey of professional investors managing a staggering $5 trillion exposed an overwhelming desire to invest in cryptocurrencies like XRP.

Specifically, 96% of these financial experts expressed keen interest in entering the crypto space, citing its potential to diversify portfolios and revolutionize investment management.

Eighty-two percent of the respondents displayed an optimistic outlook for Bitcoin, Ethereum, and XRP, while 88% confirmed that they or their clients were actively considering crypto investments.

Expert Reaction

While BlackRock’s actions could pave the way for a wave of institutional investment products centered around the crypto market, some experts have argued that even a 0.3% allocation of BlackRock’s fund could buy all Bitcoins and XRPs on exchanges. 

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Nevertheless, skepticism remains about the potential impact of BlackRock’s proposed Bitcoin ETF on the market. Simon Peters, a market analyst at the eToro exchange, reportedly expressed reservations.

“The potential for a bitcoin spot ETF to move the market is not hugely clear and reliant on demand,” remarked the expert.

Ultimately, BlackRock is just one of many prominent financial institutions interested in a crypto-based exchange-traded fund. As The Crypto Basic disclosed recently, Wisdom Tree and Invesco have also submitted applications for a Bitcoin ETF.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a blockchain writer with a specific interest in journalistic writing. He covers breaking events in the crypto community and blockchain industry. Over the past year, he has published over 1,500 short-form and long-form content for Web3 publishing firms.

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