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CRYPTO DOMINIUM
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No, BlackRock Is Not Buying XRP Recently, a rumor suggesting that BlackRock, the world's largest asset manager with over $9 trillion in assets under management, might be pivoting its digital currency strategy from Bitcoin to XRP caught fire on the X social media platform. However, closer inspection reveals the rumor lacks credible sourcing, and it's clear that excitement among the XRP community was unwarranted. The anatomy of fake rumors The origin of this buzz appears to be a tweet from a fake news account, WallStreetBulls, that speculated on a "shift in institutional confidence towards more sustainable and efficient digital assets." This was further amplified by a story on Investing.com, which claimed BlackRock was reevaluating its stance on Bitcoin in favor of XRP without citing any sources.

No, BlackRock Is Not Buying XRP

Recently, a rumor suggesting that BlackRock, the world's largest asset manager with over $9 trillion in assets under management, might be pivoting its digital currency strategy from Bitcoin to XRP caught fire on the X social media platform.

However, closer inspection reveals the rumor lacks credible sourcing, and it's clear that excitement among the XRP community was unwarranted.

The anatomy of fake rumors

The origin of this buzz appears to be a tweet from a fake news account, WallStreetBulls, that speculated on a "shift in institutional confidence towards more sustainable and efficient digital assets." This was further amplified by a story on Investing.com, which claimed BlackRock was reevaluating its stance on Bitcoin in favor of XRP without citing any sources.

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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