The financial markets have always thrived on speculation, conjecture, and the promise of potential. #XRP , the #cryptocurrency closely linked to #Ripple , is often the subject of significant debate among investors and analysts. One discussion that refuses to die down is the possibility of XRP reaching a staggering price of $10,000 or more. And no, it’s not mere fantasy; there’s a plausible argument that backs this ambitious forecast.

XRP was fundamentally designed to be a bridge for central bank digital currencies (CBDCs). As the world moves toward digital financial systems, CBDCs are becoming increasingly relevant, requiring a bridge #currency for efficient and quick settlements. Enter XRP.

Consider the limitations of supply. There are currently around 100 billion XRP tokens in existence. While that may seem like a lot, let’s not forget we’re talking about serving as the bridge for all global transactions involving CBDCs. Suddenly, the number doesn’t seem so big, does it?

#bitcoin ETFs allow investors to gain exposure to the leading cryptocurrency without having to actually own it.

A bitcoin exchange-traded fund (ETF) lets traders gain exposure to BTC via traditional stock markets, without needing to directly buy or sell the digital asset on a #cryptocurrency exchange.

A bitcoin ETF is an exchange-traded fund that specifically tracks the price of the leading cryptocurrency and allows traders to purchase or sell the security on a stock exchange throughout the day. They can be cash-settled or physically settled, meaning investors will receive either fiat #currency or actual bitcoin upon exiting, respectively.

ETFs are regulated traditional financial products and can be bought through a number of retail-friendly mobile trading apps, including Robinhood, Trading212, TD Ameritrade and Fidelity. The most popular ones track major stock indexes, such as the Standard & Poor’s 500 Index, or other traditional assets and commodities like oil and gold.

Bitcoin ETFs have been a hot topic in the #crypto space for many years, ever since the Winklevoss twins’ “COIN” bitcoin ETF filed with the U.S. Securities and Exchange Commission (SEC) in 2013 was rejected. It was widely believed that a bitcoin ETF would usher in a new wave of institutional investment into the crypto industry, bringing much-needed maturity and stability to the market. Seven years on, however, the SEC still has yet to approve a bitcoin ETF despite dozens of proposals from multiple companies including a second Winklevoss Twin ETF in 2018, one from Bitwise, five from Direxion, two from GraniteShares and many more.

The main arguments given by the SEC for these repeat rejections have been that the bitcoin market is too volatile, lacks sufficient surveillance and is too easily manipulated.

Things may be about to change, however, as Canada’s financial regulator, the Ontario Securities Commission (OSC), recently approved the world’s first two bitcoin ETFs in quick succession. The Purpose Bitcoin ETF (BTCC) and the Evolve Bitcoin ETF (EBIT) are both physically settled ETFs and have applied to be listed on the Toronto Stock Exchange. TradeBlock, a CoinDesk subsidiary, is the index provider for the Purpose ETF.

With the arrival of a bitcoin ETF in North America, many are optimistic the SEC will follow suit soon in the United States especially if Gary Gensler, former commissioner of the Commodity and Futures Commission (CFTC) and MIT blockchain tutor, is confirmed by the U.S. Senate to replace former SEC Chairman Jay Clayton.

“My guess is we get an ETF this year,” says Mike Novogratz, CEO of Galaxy Digital and former colleague of Gensler at Goldman Sachs in the late 1990s.

Gary taught a class on blockchain at MIT and on crypto. He understands it cold. He’s progressive, right? And progressives broadly are going to go after ... the rent takers. Crypto is not a rent taker... Crypto is trying to disrupt the rent takers.”

Bloomberg Senior ETF analyst, Eric Balchunas, tweeted his support for the new bitcoin ETFs, adding, “U.S. usually follows shortly after. Good sign for U.S. bitcoin ETF.”

Sui Chung, ceo of CF Benchmarks, also anticipates pressure will now be on the SEC to follow suit. “Now that the OSC has said that if a product is well constructed enough the crypto market is sufficiently mature for these types of financial products, the industry's attention inevitably turns south of the border to the U.S.”

$BTC

Many projects are already running and created in the crypto world. And for the last ten years since I join with crypto in general I have gained a lot of experience from various cases that have happens. From the small things until the biggest thing, and in essence I draw big conclusions why I feel that the only crypto project that is suitable and very helpful in all respects is only one crypto project that is present and remains the best for me personally.

The Bitcoincash is a community that on the basis and core of the struggle and journey of harmony with the meaning of the world economy is really fought for and carried out. Very different from various other projects even though the existence of the project may be in the best order or the top 10 market caps in the crypto world today.

One side that I can say in a language that is satisfying rather than unsatisfactory as a user, earner, or a participant in the crypto world and also in terms of financial finance is that the percentage of various projects in the bitcoincash ecosystem is very little to say a project that can harm the users. Meanwhile, other projects that exist in their own ecosystem can be said to have a lot of crime problems that happen from problems of fraud, theft, or misuse of user data.

The ecosystem built in the bitcoincash crypto world prioritizes the priority of the user over the priority of the developers. Such as adjustments to the problem of the value of convenience and small costs, which are the main points that must be adhered to by every project that is built within the bitcoincash ecosystem. And as the biggest main value that I really see from the developer's side is the value of patience and moral standards that they display as developers to show their capacity as providers, problem solvers and powerful for everything that is presented.

Bitcoincash users are number one in the context of every project developed within the bitcoincash ecosystem in my opinion. And this is very inversely proportional to the condition of projects that are built outside the bitcoincash ecosystem. Where is the adjustment for data problems according to the World Bank Absolute poverty as living with income below USD $ 1 / day and middle poverty for income below $ 2 per day. Greater than the condition of absolute income which can be said outside the poverty line. Especially if it is added from the non-absolute part income condition.

The best stage of everything that exists in the bitcoincash ecosystem side is the level of primacy of the value of creating currency as a currency that must be used as a payment system that is legal, easy and reliable compared to fiat currency. And from this, a major contribution to the crypto world should be seen from the thoughts and also the existence of the bitcoincash community in the crypto world. Not only continuing the struggle for bitcoin to be created but also solving major problems in the world economy, both institutional and personal finance.

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#crypto #bitcoincash #currency #bitcoin #ecosystem

In the digital age, the world of finance has been undergoing a profound transformation, and at the forefront of this revolution is cryptocurrency. A cryptocurrency is a type of digital or virtual currency that uses cryptography for security and operates independently of a central authority. Since the creation of Bitcoin in 2009 by the mysterious Satoshi Nakamoto, cryptocurrencies have gained widespread attention and have disrupted traditional financial systems. This article explores the fascinating world of cryptocurrency, its history, technology, use cases, and potential future developments.The History of CryptocurrencyThe story of cryptocurrency begins with the invention of Bitcoin. In 2008, a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" was published under the pseudonym Satoshi Nakamoto. This paper outlined the concept of a decentralized, digital currency that would allow for peer-to-peer transactions without the need for intermediaries like banks. The first Bitcoin was mined in 2009, marking the birth of the cryptocurrency era.Over the years, many other cryptocurrencies have emerged, each with its own unique features and purposes. Ethereum, for example, introduced the concept of smart contracts, enabling decentralized applications (DApps) to be built on its blockchain. This innovation opened the door to a wide range of use cases beyond simple currency exchange.The Technology Behind CryptocurrencyAt the core of cryptocurrency technology is the blockchain. A blockchain is a decentralized and distributed ledger that records all transactions across a network of computers. It is a secure and transparent way to record and verify transactions, making it nearly immune to fraud and tampering. Cryptocurrencies use blockchain technology to ensure the security and integrity of transactions.Mining is another critical aspect of cryptocurrency technology. Miners use powerful computers to solve complex mathematical puzzles, which validate and add new transactions to the blockchain. In return, miners are rewarded with newly created cryptocurrency and transaction fees. This process also plays a pivotal role in maintaining the security of the network.Use Cases of CryptocurrencyCryptocurrencies have evolved to serve a variety of purposes, extending beyond the initial idea of a digital currency.Some common use cases include:Digital Payments: Many people use cryptocurrencies like Bitcoin and Litecoin for everyday transactions. They offer a way to send and receive money quickly and with lower fees compared to traditional banking systems.Investment: Cryptocurrencies have gained popularity as investment assets. Investors buy and hold digital currencies with the expectation that their value will increase over time.Smart Contracts: Ethereum and other platforms enable the creation of self-executing contracts. These smart contracts automatically execute and enforce agreements, potentially revolutionizing industries like finance and real estate.Decentralized Finance (DeFi): DeFi platforms provide financial services, such as lending, borrowing, and trading, without intermediaries. Users can access these services using cryptocurrencies as collateral.Non-Fungible Tokens (NFTs): NFTs are unique digital assets stored on a blockchain. They have found use cases in art, collectibles, and gaming, allowing for provable ownership and authenticity.Challenges and Future DevelopmentsDespite the promising potential of cryptocurrencies, there are several challenges that need to be addressed:Regulatory Issues: Governments and regulatory bodies around the world are grappling with how to regulate cryptocurrencies, which raises concerns about their future legal status and taxation.Security: Cryptocurrency exchanges and wallets are susceptible to hacks and fraud, necessitating ongoing efforts to enhance security measures.Scalability: As more users adopt cryptocurrencies, scaling solutions are needed to handle increased transaction volumes without slowing down or congesting networks.The future of cryptocurrency holds many possibilities. It could continue to evolve as a mainstream form of digital currency, with more businesses accepting it as a payment method. Additionally, the underlying blockchain technology is likely to be integrated into various industries to streamline operations and increase transparency.Cryptocurrency represents a groundbreaking shift in how we think about money and financial transactions. Its technology, rooted in blockchain and decentralized principles, has the potential to disrupt traditional systems in many sectors. However, as the cryptocurrency space continues to develop, it's essential to address challenges and ensure a secure and stable environment for users. The future of cryptocurrency is uncertain but undoubtedly intriguing, and it's a space that will continue to evolve and shape the financial landscape in the years to come.#crypto #currency