In a recent interview with, Ripple(XRP) CEO Brad Garlinghouse underlined the necessity of pushing campaigns for crypto-friendly political officials. According to Garlinghouse, Ripple, Andreessen Horowitz, and Coinbase have put $25 million to support candidates who “promote constructive regulation and engagement.”
A recent report revealed that crypto exchanges like Coinbase have reportedly stepped back from investing in advertisements, promoting leaders who understand the real meaning and utility of cryptocurrencies. Ripple’s CEO observed that the United States’ current condition is where most leaders are ignorant of the nature of cryptocurrencies. He mentioned, “I think for a lot of politicians, crypto has become a sound bite where they really don’t understand how crypto works. And they say things that actually don’t even back up with facts.”
Bitcoin Veteran Eyes XRP for Next Bull Run
On X, a Bitcoin trader going by the handle “Doctor Profit” has declared XRP to be the next big thing. He even provided a schedule for when his prediction will come true. Doctor Profit revealed that he had invested $50,000 in Ripple.
Notably, four days ago, the elite trader of Bitcoin bought 888,353 Ripple in two transactions at an average price of $0.56. Within hours of the acquisitions, the freshly acquired XRP portfolio saw a gain of $10,098 as Ripple shot up to $0.5714. The trader also noted that this latest buy represents his first sizable investment in Ripple since he bought the stock at $0.32 last year. Essentially, despite mounting concerns about the asset’s underperformance, the Bitcoin trader has demonstrated substantial faith in XRP.
With Doctor Profit’s recent claim that XRP will be the next big performer in the cryptocurrency space, suspicion has been raised. After he tweeted, some expressed worry over his preference for XRP, while others discussed the likelihood that Ripple will drop out of the top cryptocurrencies during the current bull market. Still, an increasing number of market observers acknowledge XRP’s optimistic future.
The Bitcoin trader who identified Ripple as the next asset primed to take center stage may have made this declaration in part because of the performance difference. The tweet states that the Bitcoin trader expects XRP to see a significant upturn in the next 30 to 60 days. He did not, however, provide a target to be aware of.