Ripple (XRP) or Bitcoin: This investor chooses the premium cryptocurrency to purchase
Optimism is high Cryptocurrency Space, no wonder. The post-halving years are traditionally the peak encryption Markets are rising, suggesting a continuation of last year’s gains is likely. However, this bull market is unlike any other.
This is because this bull market is now happening against a backdrop that crypto proponents could barely have imagined a few years ago. New Trump The management has a completely positive attitude towards everything related to cryptocurrencies and is full of Bitcoin (Bitcoin) Enthusiasts There has been talk about the United States creating a strategic reserve for Bitcoin.
Meanwhile, the OG cryptocurrency continues to rise, hovering below a new high reached just a few days ago, with its 12-month returns now standing at around 160%.
While Bitcoin has already delivered some significant returns over the past year, the gains made by the third-largest cryptocurrency, ripple (XRP)it is even more impressive. The coin has risen a whopping 523% over the past year, although almost all of those gains came in the wake of Trump’s election victory in November. Investors are hoping that the new-look Securities and Exchange Commission (SEC) will drop its case against Ripple, claiming that it sold XRP as an unregistered security.
So, despite Bitcoin’s huge strides, XRP has proven to be a better investment as of late, but will this continue to be the case?
Investor Anthony Di Bizio highlights the fact that XRP runs on the Ripple Payments network and allows transactions to settle instantly, providing it with a “legitimate use case.”
This makes it a more interesting cryptocurrency with the potential for long-term value. However, the problem is that banks are not required to use XRP on the Ripple Payments network, as they can conduct transactions using fiat currencies instead. “In other words, further rise in XRP is not dependent on the success of Ripple’s payments network,” Di Bizio says. “XRP is essentially subject to the whims of speculative investors, which means it is not much different from a token like Dogecoin.”
There is also the fact that the token supply is controlled by Ripple, and this makes it radically different from a decentralized cryptocurrency.
On the other hand, Bitcoin, despite also being a “speculative asset”, has a lot of things going for it, and that makes it the better choice here, according to the investor.
“Its decentralized nature, maximum supply, and availability ETFs Di Bizio noted that the company has continually pushed it to new highs. “Now, with the possibility of a US government Bitcoin reserve on the horizon, I think [Bitcoin] He has the best case for upside in 2025 (and beyond).” (To watch Di Bizio’s track record, Click here)
To find good ideas for trading cryptocurrency stocks at attractive valuations, visit TipRanks Best stocks to buya tool that unifies all of TipRanks’ equity insights.
Disclaimer: The opinions expressed in this article are solely those of the featured investor. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
https://blog.tipranks.com/wp-content/uploads/2025/01/XRP-Bitcoin-750×406.jpg
2025-01-23 21:35:00