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Cryptocurrency News Video
Why doesn't WLFI buy XRP? There is interesting speculation behind it!
Jan 29, 2025 at 12:01 pm Pojok Investasi
Why World Liberty Financial Initiative (WLFI), a crypto project inspired by Donald Trump, ignores XRP in their massive acquisition? Is this related to speculation that the US government might take over Ripple's XRP Escrow? Let's discuss more deeply. Video Contents: Recently, World Liberty Financial Initiative, or WLFI, is in the spotlight because of their big steps in acquiring crypto assets such as Ethereum (ETH), Wrapped Bitcoin (WBTC), Aave (Aave), and Chainlink (Link). On January 20, 2025, to coincide with the inauguration of Donald Trump, WLFI bought more than $ 100 million in crypto assets, including 14,403 ETHs for $ 3,333 per token and nearly 95 WBTC worth $ 9.84 million. However, what attracts attention is that WLFI does not buy XRP, the third largest crypto asset is based on market capitalization and which is often referred to as "Made in America." This step raises a big question: why is XRP ignored? Speculation about Escrow Ripple at this time, Ripple holds more than 37.7 billion XRP in their Escrow. This system is designed to release 1 billion XRP every month to maintain a stable supply. Some speculations say that the US government might look for ways to access this XRP without having to buy directly from the market. This is in line with Donald Trump's latest executive commands that form a working group to explore national digital asset reserves. Scott Melker, the host of The Wolf of All Strets, said that the XRP might be being considered by the government based on a reliable source. However, this plan has not been confirmed, either by the US government and by Ripple. Why did Bitcoin Maximalists refuse? This speculative step has triggered sharp criticism of Bitcoin supporters. They believe that national digital asset reserves should only contain bitcoin, which is considered a "digital gold." On the other hand, Ripple has actively building relations with Trump's administration, including donating $ 5 million in XRP for its inauguration funds and $ 300,000 for its presidency. Can XRP help national debt problems? Some communities argue that if the US government takes over XRP Escrow, this $ 140 billion asset can be used to reduce national debt which currently reaches $ 36.4 trillion. However, to meet this amount, the XRP value must jumped to $ 965 per token, which means an increase of 31,029% of the current level. The increase of that size is difficult to occur in current market conditions. In addition, despite the speculation about the takeover of Escrow XRP by the government, there has been no official confirmation that strengthened the claim. Conclusion: The fact that WLFI avoids XRP, despite being a big asset "made in America," causes a lot of speculation. Is this part of the government's big strategy, or only WLFI's tactical decision? #xrp #RIPPLE #RIPPLENEWS #XRPHARIIHI #XRPLEDGER #XRPNews
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