In a recent chat, Steven McClurg, the fearless leader of Canary Capital, dropped some serious tea on the future of XRP in the financial world. According to him, cryptos like XRP and Ethereum are about to take over the market, especially in the ETF (Exchange-Traded Funds) game. Like, big time.
Right now, Bitcoin is the queen bee with about 5.6% of the ETF market share, and Ethereum is holding it down at around 3%. But get this, McClurg thinks XRP and ETH could hit a solid 6% in the future. Can you even imagine? As more people start to get the memo on how these assets can be used as financial tools, it’s looking like a crypto revolution is on the horizon.
Despite the legal drama that Ripple (the masterminds behind XRP) has been through, they’ve managed to forge some pretty solid partnerships around the globe. McClurg reckons Ripple is now in a position to give traditional financial systems like Fedwire a run for their money. Who would’ve thought, right? 🤷♀️
When it comes to investments, McClurg has a few hot takes. Some folks will go for the simplicity and transparency of ETFs, while others might prefer to invest in companies that hold cryptocurrencies like XRP in their treasuries. He’s betting on a mix of both, with some folks diving headfirst into crypto-backed ETFs and others opting for companies that manage digital assets. It’s like a buffet of investment options, and everyone’s invited to the party. 🎉
McClurg sees Ripple as one of the top dogs in the race to modernize financial transactions. XRP, he believes, could be a major player in this growing market. But here’s the kicker: when asked about the altcoin season, he thinks Bitcoin is on track to hit $140,000, but not all altcoins will join the party. “I don’t see Solana or Ethereum breaking new all-time highs this year,” he said. Instead, he’s got his eye on newer tokens like SUI, Injective, and Axelar, which he thinks have a better shot at hitting fresh records. 🚀
As for XRP, its price movement will likely depend on the ongoing legal and regulatory rollercoaster, but McClurg is confident it’ll hit a new high for the year, even if it’s not an all-time record. So, keep your eyes peeled, crypto enthusiasts! 🕵️♀️
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2025-07-15 07:27