Here's my take on XRP and why I'm bullish on it
Long term comes down to new adopters to the space.
New adopters will be more attracted to narrative and utility.
They'll find XRP's price, speed, and low-fees to be much more appealing
This means BTC will become less and less dominant
Short term all of those hundreds of billions in the spot bitcoin ETF are going to eventually flow out and flow into XRP.
The notion that spot bitcoin ETF investors are going to hold long positions for eternity is a fantasy.
ETF investors are not traditional crypto enthusiasts. They're not going to hodl forever. In fact they think the term "hodl" is silly.
These are people who come from a traditional trading background whether in stock ETFs or commodities ETFs etc. So they bring the same investment approach and habits from those markets to the spot bitcoin ETF.
That means they have stop losses and TARGETS.
I imagine the average spot bitcoin ETF investor has a trailing stop loss and 4 take-profit targets of 25% each starting at around 80K.
My prediction is that the price of bitcoin starting at around 80K is going to experience heavy selloffs and liquidations.
And bear in mind that investors in spot BTC ETF are trading with up to 4 to 1 leverage positions worth millions of dollars. Retail bitcoin bulls will not overcome those selloffs.
Each of these sell offs are going to be investors taking profit and investing in coins like XRP. That's when altseason starts and when XRP is going to take off. And if XRP gets an ETF, it's game over for BTC, XRP will soar and take the #1 spot, and BTC will tank.
Right now is a good time to accumulate XRP.
#BinanceLaunchpool #Token2049 #xrp @crypto_MOJ news
"Be fearful when others are greedy. Be greedy when others are fearful." -- Warren Buffet
