Crypto News! America vs Europe Bitcoin Strategic Reserve COMING!!
Altcoin Daily
Bitcoin Reserve Announcement
- The Trump administration has not made an announcement about the Bitcoin Reserve yet
- Texas is moving forward with legislation to create a Bitcoin strategic reserve
- 15 US states are considering a Bitcoin strategic reserve bill
European Central Bank on Bitcoin
- ECB President Christine Lagarde says Bitcoin will not be included in EU central bank reserves due to concerns about liquidity, security, and money laundering
- However, the Czech Republic Central Bank has approved a proposal to consider investing in Bitcoin as a reserve asset
Bitcoin Adoption and Price
- Bitcoin is closely following the 2017 cycle, with a potential for further growth
- The US M2 money supply has increased by $870 billion since October 2023, driving market growth
- Bitcoin's price is expected to continue rising due to increased liquidity
XRP News
- Grayscale has filed for a spot XRP ETF with the New York Stock Exchange
- If approved, issuers will have to accumulate XRP, potentially driving up the price
- XRP has broken out of its triangle and gained regulatory clarity, with a potential target price of $8
Critique of XRP
- Anthony G., founder of Innovating Capital, criticizes XRP for being centralized and controlled by Ripple Labs
- He argues that XRP's decentralized ledger is actually controlled by Ripple Labs, making it vulnerable to regulatory overreach and potential network breakdown
- The host disagrees, thinking XRP is more likely to get an ETF before being added to a reserve, and that Bitcoin is the better choice for a strategic reserve due to its decentralized nature