Matt Hougan, chief investment officer at Bitwise, believes that XRP's success can be primarily attributed to the strength of the community behind the token.
Hougan, who attended a recent XRP event in Las Vegas, is now convinced that the XRP world is now embracing the idea that the Ripple-linked cryptocurrency and Bitcoin serve different purposes.
"I think the XRP world is embracing the idea that BTC and XRP serve different markets and that BTC thriving doesn’t disrupt what XRP aims to achieve," he said.
As reported by U.Today, Ripple co-founder Chris Larsen, who was backing a Greenpeace campaign targeting Bitcoin's proof-of-work (PoW) consensus algorithm, has clarified that he now views the leading cryptocurrency as sufficiently environmentally friendly after the share of mining powered by renewable energy topped 50%.
However, Larsen's post actually did little to mend fences between the two communities. Some Bitcoiners are convinced that the seemingly pro-Bitcoin turn is just an attempt to repair reputational damage.
During the recent XRP event, Ripple CEO Brad Garlinghouse also attempted to forge unity by making it clear that the Bitcoin community is not an enemy.
As reported by U.Today, Bitwise previously estimated that the price of the XRP token could surge to nearly $30 by the end of the decade if it manages to gain a substantial footing in such sectors as payments and tokenization.
Bitwise also filed to introduce a spot XRP exchange-traded fund in October, giving the token a major boost.
The SEC recently postponed making a decision on this product as well as other competing XRP ETF proposals.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。