Watch These Tokens as US-Russia Bitcoin Reserve Race Could Drive Altcoin Markets to Record Highs
Leaked proposals to Russian finance minister Anton Siluanov to create a bitcoin strategic reserve are fueling speculation of a Bitcoin Space Race between the two world heavyweights.
After President-elect Donald Trump committed to build a Strategic Bitcoin Reserve in the US, he said Bitcoin may “pay off” some of the US debt.
A leaked plan suggests Russia is entering crypto for its own reasons:
“In sanctions-hit countries, cryptocurrencies are becoming virtually the only instrument for international trade.”
The Central Bank of Russia is planning a cryptocurrency cross-border settlement experiment.
Putin called bitcoin a “unstoppable technology” and a possible foreign currency reserve alternative. Russia may have adopted bitcoin and crypto quicker than other nations due to financial restrictions.
Bitcoin reached $100,000 this month in 2024. The outlook for 2025 is good as global superpowers rush to adopt crypto.
As we've seen, altcoins and meme currencies rise with BTC. While Bitcoin is secure for nation governments, altcoins may provide the best life-changing chances for those betting on the crypto frenzy extending beyond 2025.
If so, we've listed four top cryptocurrencies to invest in today.
Stable Cross-Border Payment Option $XRP
Ripple's native cryptocurrency, XRP, has gained 319.77% in two months. Recently, it touched $2.46, a six-year high.
XRP is known for its rapid, low-cost international money transfers (average settlement time 4 seconds, costs 0.00001 XRP per transaction).
Investor confidence has increased because to regulatory wins like Ripple's stablecoin's NYDFS clearance. As have its recent collaborations with over 300 financial institutions including American Express, Bank of America, and Banco Santander.
A trusted wallet like the Best Wallet App makes buying XRP straightforward. Best Wallet lets you purchase meme currencies like Dogecoin (DOGE), Pepe (PEPE), and Pepe Unchained securely.