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Here’s When Holding 100,000,000 Shiba Inu Could Turn Into $1 Million

Lele Jima
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Here’s When Holding 100,000,000 Shiba Inu Could Turn Into $1 Million

With Shiba Inu’s recovery attempt losing steam, we’ve highlighted the potential timelines for growing the value of a 100 million SHIB portfolio to $1 million. 

Shiba Inu’s recovery from this month’s devastating collapse has stalled over the past few days. After SHIB dropped to $0.00001031 on April 7, it bounced back to the $0.000012 price mark a few days later. 

While many expected SHIB to continue its recovery and aim for lofty targets like the $0.00002 mark, SHIB has remained stagnant at around $0.000012. 

Investors Remain Confident About Becoming Millionaires Via SHIB

This underperformance has put many SHIB investors in losses, with 85.5% of all Shiba Inu on-chain addresses holding a whopping 842.2 trillion tokens at a loss. 

Despite this, investors have continued to believe in SHIB’s prospects. This is reflected in 77% of all Shiba Inu blockchain addresses holding the coin for more than a year, according to IntoTheBlock’s data. 

In contrast, 21% of all addresses have been holding for between 1 and 12 months, while a small fraction, 2%, are short-term holders, holding for less than 30 days. 

Nonetheless, investors are still bullish on SHIB’s prospects, with some anticipating becoming millionaires in U.S. dollars through investments in Shiba Inu.

Recall that SHIB made this dream a reality for many during its early days, particularly in the 2020/2021 bull market. Therefore, many speculate that SHIB could repeat history and elevate them to millionaire status. 

Turning 100M SHIB to $1M  

Based on this wave of confidence, we estimated how long it would take for a 100 million SHIB purchase to grow into a $1 million holding. 

As of 6:56 a.m. (UTC) on April 19, SHIB was trading at $0.00001219, with a market cap of $7.18 billion. At the current price, investors must commit a capital of $1,219 to scoop up 100 million SHIB tokens. 

If Shiba Inu rises to a price target of $0.01 or one cent, the portfolio of 100 million SHIB tokens would be worth $1 million. However, hitting the highly ambitious one-cent dream requires a hefty surge of 81,934% from the current price. 

A price target of $0.01 would put Shiba Inu’s market cap at $5.89 trillion, assuming there are no changes to SHIB’s circulating supply of 589.25 trillion. 

Potential Timeline for 100M SHIB to Turn into $1M 

As mentioned above, holding 100 million SHIB purchased today can turn into $1 million when Shiba Inu trades at $0.01 per token. Despite how ambitious this target is, several experts believe it is realistic. 

Leading crypto trading platform Changelly indicates that SHIB will reach the $0.01 milestone by January 2050, 25 years from now. Experts at the exchange set SHIB’s minimum target for this period at $0.0103, an average price at $0.0109, and a maximum target at $0.0127. 

Interestingly, the team behind the Shiba Inu ecosystem believes that SHIB would clinch the $0.01 target. However, it believes patience is key in actualizing the target, as investors should not expect SHIB to rise to $0.01 overnight. 

Luis Delgado (Del Crxpto), a popular community expert, suggests that SHIB’s potential surge to $0.01 is attainable. The expert emphasized that cryptos have demonstrated over the years that nothing is impossible. 

Moreover, famous Bitcoin enthusiasts Yazan and Jason Williams speculated that SHIB will surpass the highly ambitious $0.01 target in this 2025 bull cycle. Interestingly, they expect SHIB to soar to an ambitious target of $0.05 before the end of this year.  

Further, the popular AI chatbot ChatGPT estimates a 75% probability that SHIB will surpass the $0.01 threshold to $0.0194 by 2050 and highlights a 60% chance of SHIB reaching the feat as early as 2040. 

Can SHIB Reach $0.01?  

While most experts are optimistic about SHIB’s potential rise to the $0.01 target, Shiba Inu’s hefty supply could hinder this possibility. 

Shiba Inu has a circulating supply of 589.25 trillion SHIB, implying that its market cap will rise to $5.89 trillion if the $0.01 target materializes. This exceeds the current valuation of the total crypto market cap, which currently stands at $2.69 trillion, making the $0.01 target highly improbable. 

Therefore, the only path toward achieving this milestone is drastically reducing Shiba Inu’s supply through burns and driving adoption upwards. 

Latin American Users Bought More XRP Than Ethereum and Solana, Bitso Report Shows

Elendu Benedict
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Latin American Users Bought More XRP Than Ethereum and Solana, Bitso Report Shows

A recent report from Bitso, a long-standing Ripple partner, highlights growing traction among Latin American users for XRP.

The report shared the activities of Latin American (LATAM) users on Bitso’s crypto platform in the previous year. Notably, it highlighted some interesting details, including XRP’s meteoric rise to fame among its customers.

For context, the 2024 report shows that despite a decrease in activities on the platform, the acquisition of XRP increased substantially. The outline indicated that users bought more of the asset than prominent coins like Ethereum, Solana, and Dogecoin.

Bitso Users Stacking XRP

Meanwhile, the report underscores XRP’s preference last year. XRP accounted for 9% of all purchases on the Bitso platform, 3% more than the meme coin PEPE, which ranks next to it. In addition, Ethereum, Solana, and Dogecoin acquisitions accounted for 5%, 4%, and 2% of all LATAM buy activities, respectively, falling short of XRP’s traction.

However, Bitcoin and stablecoins dominated trading activity on Bitso last year. The pioneering cryptocurrency accounted for an average of 22% of all purchases, down from 28% in the first half of the year alone. Meanwhile, stablecoins led proceedings, with 39% of acquisitions tied to the dollar-pegged digital asset.

Purchase Distribution Per Coin for 2024

Furthermore, Mexicans bought more XRP than any other Latin American geographical region. Aside from preferences for Bitcoin and stablecoins, 10% of buying activities among the nation’s users were accumulating XRP.

From No XRP to 12% of Average Portfolio Composition

Meanwhile, the report identified a drastic change in average portfolio distribution as preferences among LATAM users evolve. Interestingly, a notable rotation was seen, particularly towards XRP, as users held more of the token compared to the previous year.

The statistics show that in 2023, XRP was not part of the average portfolio composition of Latin American users on Bitso. However, things escalated quickly last year, resulting in an average distribution of 13%. This means that portfolios of users in the region comprise at least 13% of XRP, a testament to the emerging interest in the ecosystem.

LATAM Average Portfolio Composition

Notably, factors such as potential regulatory clarity and the asset’s performance may have contributed to this newfound interest in the XRP. For context, XRP grew 238% in 2024, its strongest performance since 2021, with most of the rally happening in the last quarter of the year. Interestingly, the optimism triggered by Donald Trump’s election victory and the resignation of US SEC Chair Gary Gensler ignited this foray.

Bitso’s report highlighted a renewed interest in the XRP ecosystem in Latin America. Notably, the crypto exchange is a long-standing Ripple partner, facilitating cross-border remittances in LATAM. In 2022, Bitso processed $3.3 billion in remittances between the US and Mexico for Ripple.

Crypto Founder Says Buying $1,000 Worth of XRP Right Now Is Like Buying Over $50,000 in the Future

Abdulkarim Abdulwahab
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0
Crypto Founder Says Buying $1,000 Worth of XRP Right Now Is Like Buying Over $50,000 in the Future

Edoardo Farina, a prominent XRP advocate and founder of Alpha Lions Academy, has made new bold claims about XRP’s long-term potential.

In a tweet, Farina stated that a $1,000 investment in XRP today could be worth more than $50,000. He noted that with XRP currently trading at $2, investors have a unique opportunity to secure a 50x return if XRP reaches his long-term target of $100 or more.

Farina, known for his vocal support of XRP and long-term mindset, has previously declared that he will not sell any of his XRP holdings for less than $100 per token. He describes XRP as being at the center of a “multi-generational pump,” emphasizing the digital asset’s role in the evolving global financial system.

He also encourages retail investors to consider holding at least 1,000 XRP, calling it the minimum threshold to benefit from XRP’s future utility and adoption. Farina has even boldly asserted that those holding fewer than 1,000 XRP tokens do not care enough about their financial success. He has described holding below this threshold as “insanity.”

While Farina’s views are aspirational and reflect his personal investment strategy, they underscore a growing sentiment among XRP supporters. They believe the asset is undervalued and poised for significant growth, especially if regulatory clarity improves and adoption accelerates.

Will $1,000 in XRP Today Be Life-Changing at $100 Per Token?

Meanwhile, his bold views also face resistance from critics who find weaknesses in his ambitious outlook for XRP. For instance, his recent statement that buying $1,000 worth of XRP now is equivalent to buying over $50,000 in the future, assuming XRP reaches $100, has sparked mixed reactions.

One commenter, Eloise, noted that by this logic, if someone spends $1,000 on XRP now and earns $50,000 in the future, it may still not be enough to retire early.

Her comment highlights that while the projection appears promising on the surface, $50,000 may not be the life-changing fortune many are hoping for from a long-term investment. Furthermore, whether XRP will ever reach $100 per token—and how long it might take to get there—remains uncertain.

How Long Could It Take for XRP to Reach $100?

Many crypto analysts have speculated about the possibility of XRP reaching the $100 mark by the end of this bull cycle. However, with XRP trading around $2 and showing little progress over the past three months, the road to $100 remains distant. It would require a 4,900% surge from its current price.

On the other hand, the popular forecast website Telegaon suggests it could take XRP 15 years to hit $100. Meanwhile, analysts at Changelly predict it could take at least nine years.

Critics like Davinci Jeremie warn against holding XRP for such an extended period. They argue that XRP’s potential may lie more in short-term opportunities rather than as a long-term hold.

Here is How Ripple CEO Championed XRP Since Joining the Firm

Sam Wisdom Raphael
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Here is How Ripple CEO Championed XRP Since Joining the Firm

Ripple CEO Brad Garlinghouse has continued to champion XRP since joining the firm a decade ago.

For context, Garlinghouse joined Ripple as COO in 2015 and secured a promotion to CEO a year later. Over the years, he has long been a vocal proponent of XRP, consistently championing the asset’s potential in global payments.

Notably, a popular XRP community-driven account known as “XRP Investing” recently compiled a list of Garlinghouse’s most notable statements regarding XRP. These remarks came from various platforms, conferences, and media appearances over the past several years.

Ripple CEO Touts XRP Capabilities

Specifically, one of Garlinghouse’s earlier affirmations came during a Ripple Swell conference. There, he called attention to XRP’s unique ability to handle the global payments challenge at scale. This differentiated it from other crypto assets in terms of real-world utility.

Another moment occurred at the 2018 Yahoo Finance Summit. During this event, Garlinghouse noted how Ripple’s ongoing momentum in solving cross-border financial problems naturally triggers rising demand for XRP. He connected the company’s growth with the relevance of XRP in multi-trillion-dollar markets.

Meanwhile, in January 2025, a more recent comment emerged during an interview where the Ripple CEO likened XRP’s suppressed market value to a basketball held underwater. Notably, this implied that the token’s true potential was unrealized but could soon see explosive growth. 

Looking back to September 2018, Garlinghouse appeared on the Stanford Legal Podcast, where he discussed XRP’s origin. He attributed its creation to a group of early Bitcoin engineers who sought to address Bitcoin’s limitations, particularly those concerning scalability. Remarkably, these upgrades set up XRP as a more efficient alternative.

XRP’s Transactional Speed, Non-security Status and Independence

Also in 2018, while speaking with Cheddar during that year’s Ripple Swell conference, the Ripple CEO pointed out XRP’s transaction advantages. He explained that the asset completes transactions 1,000x faster and 1,000x more cost-effectively than Bitcoin.

Furthermore, in August 2019, while discussing the class action lawsuit filed by Ryan Coffey against Ripple in May 2018, Garlinghouse asserted that XRP is not a security, a viewpoint he supported by referencing regulatory stances in countries such as the United Kingdom. 

Meanwhile, one of Garlinghouse’s earliest statements on XRP came during an October 2017 interview with Fortune Magazine’s The Ledger. There, he argued that XRP can continue operating even without Ripple. According to him, this is what makes the asset decentralized.

Ripple’s Profitability, XRP ETF, and XRP Reserve

Further, in a candid moment during a 2020 Financial Times interview, Garlinghouse admitted that Ripple’s profitability and positive cash flow relied on the sale of XRP holdings. This statement provided transparency about the company’s financial model. Currently, Ripple holds over 41 billion XRP worth around $82 billion. 

More recently, in October 2024, Garlinghouse appeared on Bloomberg and touched on the future of XRP exchange-traded funds (ETFs). In his remarks, he confirmed that he is confident that XRP’s inclusion in ETF products is inevitable.

By January 2025, amid discussions around which digital assets deserve inclusion in a potential U.S. crypto reserve, Garlinghouse disclosed he has personal investments in XRP, Bitcoin, and Ethereum, as he called for a multi-asset reserve.

Market Expert Brandt Predicts “Everyone’s Favourite” XRP Price by End of 2025

Elendu Benedict
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Market Expert Brandt Predicts “Everyone’s Favourite” XRP Price by End of 2025

Prominent market analyst Peter Brandt has shared his expected price mark for XRP by the end of the year.

In a tweet late Friday, Brandt predicted the prices of major assets by the end of 2025, including crypto heavyweights Bitcoin and XRP. Interestingly, he shared a bearish outlook for “everyone’s favorite” XRP.

Brandt Shares Possible XRP Prices By Year End

XRP’s bullish steam has subsided after a strong start to the year. The XRPL native token continued its 500% and 6% November and December rallies in January, hitting a multi-year high of $3.39 by the middle of the month. The bullish momentum saw XRP close at $3.035, its highest ever monthly close in history.

Meanwhile, the digital asset has retraced substantially from the high, dropping over 52% from its January high to $1.614 at some point this month. Nonetheless, XRP has rebounded from the low to its current price of $2.078.

Despite seemingly bullish prospects from here, Brandt does not expect much from XRP this year. He predicted that the asset would close the year at one of the two points he highlighted in a chart accompanying the analysis.

XRP Target By Year-End/Peter Brandt

According to the chart, represented by market cap, XRP could close the year at either $116.67 billion or a little above $60 billion. Notably, these valuations culminate in prices of around $1.98 to $2 and $1.02 to $1.07.

Interestingly, Brandt had mentioned the targets in an earlier analysis. The market veteran did so while identifying a forming head and shoulders pattern on XRP’s daily timeframe, with $2 as a crucial support and $1.07 as the likely target if XRP breaks below the demand wall.

As a result, the analysis suggests that XRP may continue consolidating around its current price mark over the next eight months or hit near $1 upon breaking down from the classic H&S pattern.

Expert Analyses Suggest Otherwise

Meanwhile, while Brandtt maintains a bearish outlook for XRP, several other prominent market watchers have suggested otherwise. For instance, banking giant Standard Chartered predicted that the high-caliber asset would trade at $5.50 by the end of 2025 and a staggering $12.50 by 2028.

Furthermore, a recent analysis from the AI bot ChatGPT predicted that XRP would surge to $11 between late 2025 and early 2026. In addition, Davinci Jeremie insisted that XRP could still reach $24 this year, claiming that people in government are pushing the asset.

Predicted Timelines for XRP to Reach $11, $57, and $101—Here’s What Forecasts Suggest

Sam Wisdom Raphael
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Predicted Timelines for XRP to Reach $11, $57, and $101—Here’s What Forecasts Suggest

Many within the crypto community still believe that the XRP price has the potential to reach two-digit levels despite the ongoing market lull. 

Notably, this lull has kept prices grounded, with XRP being one of the most prominent victims. For context, the altcoin has observed two consecutive monthly declines for the first time since the 2022 market crash, collapsing 31.89%. This month, April 2025, XRP is already down 1%.

XRP Price Predictions Amid Impressive Resilience 

However, despite the price drop, XRP has demonstrated greater resilience amid the market-wide slump. Interestingly, XRP is only down 0.43% year-to-date, while the global crypto market cap has collapsed 17.48%. Also, Bitcoin (BTC) is down 9.39% within the same timeframe, and Ethereum (ETH) has slumped 52.46%.

This impressive resilience has contributed to sustained bullish sentiments around XRP. Specifically, CoinMarketCap data suggests that despite a crash today, April 18, XRP community sentiment remains on the high side, currently 81.63% bullish. Notably, this optimism has led to multiple bullish price predictions.

For instance, in January 2025, market analyst Ali Martinez called attention to an XRP pennant formation, suggesting a breakout could lead to $11. Interestingly, last July, while XRP languished around $0.6, another market watcher boldly predicted that the altcoin could spike to $57 in this bull run. Meanwhile, Edoardo Farina recently insisted that XRP ought to be above $100. 

Can XRP Reach $11, $57, and $101?

Despite the prevalence of these predictions, the timelines for their materialization remain contested, with diverging opinions from several quarters. However, to get a clearer overview, The Crypto Basic sought ideas from several sources, including AI chatbots ChatGPT and Google Gemini, and crypto platforms Changelly and Telegaon.

Notably, XRP currently changes hands at $2.07 amid the ongoing market uncertainty. For the asset to hit $11, it must rally by a meager 431%, making this target extremely feasible. However, it would need a larger 2,653% rise to hit $57 and a 4,779% increase for the $101 target.

Interestingly, an XRP price of $11 would bring the asset’s valuation to $641 billion, making it the second-largest crypto in the market. However, a run to $57 would take its market cap to $3.3 trillion. At this level, XRP would become the crypto market leader if Bitcoin’s price surpasses $168,000.

Similarly, if XRP ever claimed the $101 price level, this would push its market valuation to around $5.9 trillion. For Bitcoin to maintain its position as the crypto market leader in such a situation, the crypto firstborn would need to trade for at least $297,000. These call to question XRP’s potential to reach these targets.

ChatGPT and Google Gemini Predict Timelines for XRP Price Surge

According to ChatGPT, XRP could potentially reach $11 as early as late 2025 or sometime in 2026. For this to occur, the factors include bullish market conditions, widespread Ripple adoption, and favorable regulatory developments. 

XRP Price Prediction ChatGPT 4
XRP Price Prediction | ChatGPT

Meanwhile, ChatGPT predicts that XRP might climb to $57 between 2028 and 2030, while the ambitious $101 milestone could materialize between 2032 and 2035. These higher targets would likely require XRP to act as a foundational layer for tokenized assets and real-time liquidity solutions.

While Google’s Gemini AI response aligns closely with ChatGPT’s, the Google-affiliated chatbot has a slightly less bullish outlook. It suggested XRP could hit $11 between 2027 and 2028 if regulatory clarity and adoption continue to improve. Further, the forecast points to a possible $57 price tag around 2029 or 2030 if XRP achieves integration in mainstream finance.

XRP Price Prediction Google Gemini
XRP Price Prediction | Google Gemini

For the most ambitious target of $101, Gemini places the timeline in 2030 or later. According to the AI tool, this will depend on XRP morphing into a major component of the global financial system. Nonetheless, it admitted that the projections remain speculative.

Projections from Changelly and Telegaon

Meanwhile, Changelly analysts also believe XRP could hit these targets, but they suggest it could take longer. For one, the analysts expect XRP to claim $11 in February 2029. However, they do not expect $57 to materialize until June 2033, when XRP could see a maximum price of 57.49. They then see XRP hitting $101 between 2034 and 2040.

XRP Price Prediction Changelly
XRP Price Prediction | Changelly

Interestingly, market resource Telegaon presented similar timelines. According to the platform, XRP could reach $11 in 2027, and soar to the $57 mark between 2030 and 2035. To them, a rally to the $100 price will come up between 2035 and 2040, aligning with Changelly’s predictions.

XRP Price Prediction Telegaon
XRP Price Prediction | Telegaon

However, despite these bullish projections, it is important to note that they are merely speculative. Notably, there is no guarantee that XRP would claim any of these price targets at the set timeline. As a result, these predictions should not serve as investment advice.

Bitcoin Overheating Phase Hits Bottom, Mirroring 2024 Pre-Blow-Off Top Setup: Details

Abdulkarim Abdulwahab
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0
Bitcoin Overheating Phase Hits Bottom, Mirroring 2024 Pre-Blow-Off Top Setup: Details

Although the Bitcoin market has faced challenges since the start of this year, new insights suggest a promising outlook for investors.

According to new on-chain data from CryptoQuant, Bitcoin is showing signs that it could follow a familiar cycle observed during the 2024 correction. The analysis highlights the relationship between short-term holders and market direction.

Notably, the key metric in focus is the percentage of Bitcoin held for one week to one month, which acts as a gauge of speculative activity. As the market rallies, this ratio tends to spike, often preceding a period of price consolidation or decline.

This pattern of speculative increase (arrow 1 on the chart), overheating peak (2), and correction (3) has now played out twice in the current market. The most recent cooldown has brought the short-term holding percentage back to a level that historically marked a bottom during the 2024 correction.

Image
Bitcoin chart | CryptoQuant

Market Overheating Resolved: Is Bitcoin Setting Up for the Next Move?

The green age band on the chart, which shows the share of Bitcoin tokens aged one week to one month, has returned to the yellow box region. Notably, this was the same area seen before the market rebounded in mid-2024. This suggests that speculative excess may now be cleared.

For context, Bitcoin had a remarkable first quarter in 2024. During this time, the price shattered the previous cycle’s all-time high, with Bitcoin touching $73,750. The fever peaked at this price, followed by a correction phase.

The pullback, marked by declining prices, lasted until September, approximately six months. During this period, Bitcoin dipped to lows around $49,000, further worsened by global political tensions. Meanwhile, optimism around the re-election of Donald Trump, due to his pro-Bitcoin promises, helped lay the foundation for Bitcoin’s rebound.

Upon his victory in November, Bitcoin broke out massively and shattered the earlier March 2024 peak. Interestingly, during this time, Bitcoin posted new highs nearly every day. The bullish momentum endured until late January 2025.

Since then, the market has experienced harrowing dips. Bitcoin’s price plummeted by 32% from the $110,000 peak to $74,400 over the past three months. Now, on-chain data cited by analyst Crypto Dan suggests that the pullback phase is nearing its end, as historically seen. However, he is not forecasting an immediate rebound to the upside.

He noted that while a brief consolidation phase might still occur, the structural setup remains favorable for a renewed upward trend.

Furthermore, Crypto Dan added that if macroeconomic conditions turn supportive, the next few months of 2025 could offer Bitcoin a fresh leg of growth.

Neutral-to-Bullish Market Sentiment

With on-chain metrics cooling off and no major signs of excessive speculation remaining, the broader market sentiment is stabilizing. Investors may interpret this phase as an accumulation window.

Overall, the data suggests a healthy market reset echoing the conditions that eventually triggered Bitcoin’s rally following the 2024 correction. On the other hand, some market analysts believe Bitcoin is already in a bear market based on other indicators.

At press time, Bitcoin is trading at $84,450, up 0.45% over the past day.

Spar Supermarket Debuts Bitcoin Payment in Switzerland Outlet

Elendu Benedict
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Spar Supermarket Debuts Bitcoin Payment in Switzerland Outlet

Spar supermarket, an international grocery chain, has introduced Bitcoin payment options in Switzerland, becoming the latest to adopt the innovation.

Bitcoin payment options are gradually becoming the norm for businesses globally. Recently, a prominent international grocery chain introduced the payment option to one of its stores in the pro-Bitcoin nation of Switzerland.

Notably, DFX.swiss, a crypto off-ramp startup based in Switzerland, disclosed the recent addition in a Thursday LinkedIn post. It revealed that a Spar supermarket, specifically based in Zug, has appeared on the BTC Map.

For context, the BTC Map is a community-driven platform that highlights locations globally where users can pay in Bitcoin. DFX.swiss noted that Spar supermarket recently went live, becoming one of the first stores in Zug to adopt payments in the pioneering cryptocurrency.

Bitcoin Payment Becoming the Norm

Rahim Taghizadegan, an economist and director of the Bitcoin Association Switzerland, toured the Spar supermarket, confirming the efficiency of the payment option. He showed in a LinkedIn video simulation that the innovation was as simple as scanning a QR code to remit Bitcoin to the store.

Notably, the payment option taps the Bitcoin Lightning Network’s peer-to-peer technology to simplify the payment process. DFX.swiss disclosed that it enabled the remittance through the new OpenCryptoPay protocol, offering in-person solutions for everyday crypto payments.

Meanwhile, the Zug Spar supermarket could further spur a mainstream adoption of Bitcoin payments globally. The grocery chain has over 13,900 stores in 48 countries, with an average of 14.7 million shoppers daily. As a result, expanding the payment across its chains would be a massive step in the broader use of Bitcoin and crypto payments.

Remarkably, the payment option’s first stop in Switzerland highlights the European nation’s friendlier stance towards cryptocurrency. Aside from the prospect of a strategic Bitcoin reserve gaining momentum in Switzerland, about 1,031 outlets accept Bitcoin payments, per BTCMap, ranking it as one of the largest in the region.

Recall that the Swiss City of Lugano, which adopted the asset and USDT as legal tender in 2022, recently unveiled a statue honoring Bitcoin founder Satoshi Nakamoto.

Bitcoin’s Global Adoption as a Means of Payment

Bitcoin’s adoption as a means of payment extends beyond Switzerland, gradually earning merchants’ trust as a seamless payment method. For instance, the top South African grocery store, Pick n Pay, announced in 2022 that it accepts Bitcoin payments.

Furthermore, luxury brands like Ferrari and SFL Maven also accept Bitcoin payment. Interestingly, the means of settlement also recently entered the UK’s education system. For context, Lomond School announced last week that it will start receiving tuition fees in BTC starting in autumn 2025.

With Bitcoin’s giant strides and growing institutional and national adoption, more outlets are likely to add payment options for the premier asset and cryptocurrencies in general.

Gemini Confirms Adding XRP to Free Trading Algorithms to Generate Passive Returns

Mark Brennan
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Gemini Confirms Adding XRP to Free Trading Algorithms to Generate Passive Returns

Gemini has officially confirmed adding XRP to its selection of free trading algorithms, to provide users a new way to generate passive returns. 

This announcement expands the options for automated crypto trading, which runs alongside Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). According to Gemini, these algorithms present users with the opportunity to earn cash yields and accumulate more XRP with minimal effort.

Partnership with Arch Public 

Notably, the new trading algorithms are powered by Arch Public, a crypto firm specializing in algorithmic automation. These tools are designed to make it easier for users to invest in crypto assets without needing to manage their portfolios actively. 

It is important to note that Tyler Winklevoss, Gemini’s co-founder, also shared confirmation of the algorithm’s launch, which received significant backlash.

His announcement came shortly after John E. Deaton, a prominent attorney known for his involvement in the XRP community, revealed that he had opened a Gemini account to take advantage of the new tools. 

Deaton’s involvement triggered suspicions. Known for his strong presence in the XRP community, Deaton confirmed that he was experimenting with the new algorithms. However, despite his endorsement, some community members remained critical, claiming his account might have suffered an exploit.

Controversy and Backlash from the XRP Community

Notably, the initiative builds on multiple campaigns from Gemini around XRP since it listed the asset for the first time in August 2023. While some welcomed the addition of XRP to the free algorithm lineup, the response from the XRP community was far from unanimous.

Several long-standing XRP holders had expressed doubts about the effectiveness of the new tools. Some criticized the algorithms as inaccurate, claiming that the tools might not live up to their promises of generating reliable cash yields.

This skepticism was further amplified by reactions to Tyler Winklevoss’s announcement. Some community members questioned the authenticity of the post, even suggesting that Winklevoss’s account could have been hacked. 

As the news spread, Cameron Winklevoss, Tyler’s twin brother and fellow Gemini co-founder, also expressed his enthusiasm for the launch. However, his excitement was met with similar criticism, with some doubting the legitimacy of the initiative.

Ripple to Launch Asia’s First XRP Investment Product: Details

Lele Jima
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0
Ripple to Launch Asia’s First XRP Investment Product: Details

San Francisco-based payments company Ripple has inked a partnership with HashKey Capital to introduce the first-ever XRP tracker fund in Asia.  

Popular XRP community figure Crypto Eri called the public’s attention to the development today. According to Eri, Ripple will be investing in HashKey Capital’s new HashKey XRP Tracker Fund–the first Asia-based fund designed to mirror the price of XRP. 

HashKey Launches Asia’s First XRP Tracker Fund  

Hashkey also confirmed the development in a statement issued on X today, emphasizing that the fund aims to expand institutional access to XRP. According to HashKey, the fund was created in partnership with Ripple. 

Ripple’s decision to partner with HashKey and become an anchor investor of the fund could enhance the product’s credibility. 

HashKey referred to the fund as the first in Asia, adding that it will not be the last. This indicates that several crypto management firms in the region could plan to roll out investment products tracking the price of XRP. 

Investors seeking to invest in the fund can do so through fiat currencies or in-kind contributions. They can also subscribe to or redeem shares of the HashKey XRP fund monthly. 

Ripple and HashKey Execs React 

Commenting on the development, Vivien Wong, HashKey’s Liquid Fund partner, highlighted XRP’s significance in the crypto market. According to her, XRP has successfully captured the attention of global enterprises, which leverage it for multiple purposes, ranging from asset tokenization to store of value. 

Fiona Murray, the Managing Director of APAC at Ripple, emphasized the growing demand for regulated digital asset products among professional investors in the Asia-Pacific region. She suggested that the HashKey XRP Tracker Fund product was developed to cater to these needs, adding: 

“HashKey Capital’s popularity and strong crypto traction in the APAC region will be essential in strengthening Ripple’s leadership role in crypto and blockchain technology across Asia.” 

Meanwhile, Ripple and HashKey plan to explore other opportunities, including launching a money market fund on the XRP Ledger (XRPL). 

For context, HashKey Capital is an established player in the crypto sector with a strong pedigree in offering investment products tied to cryptocurrencies, such as Bitcoin and Ethereum. 

Two of its crypto products–the Bosera HashKey Bitcoin Spot ETF and the Bosera HashKey Ether Spot ETF–are currently trading on the Hong Kong Stock Exchange. The newly launched XRP fund represents HashKey Capital’s third investment product, which tracks the performance of crypto. 

HashKey expects the XRP product to evolve into an exchange-traded fund within the next two years. For this conversion to occur, the company must obtain regulatory approval from the necessary regulators.   

Growing Institutional Interest in XRP

In the meantime, institutional interest in XRP has continued to gain momentum. As a result, top asset managers are seeking to roll out investment products tied to the fourth-biggest cryptocurrency. 

In the United States, over 11 financial institutions, including Bitwise and Canary, have filed with the U.S. SEC to launch spot-based XRP ETFs. Many expect the securities regulator to approve at least one of these filings before the end of this year. 

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