Ripple’s $1B XRP Fund, Bold Bitcoin Bets & Trump Boost
**Big Weekend for Crypto: Ripple’s $1B Plan, Bold Bitcoin Predictions, and Political Support**
This weekend brought a wave of major updates in the cryptocurrency world. From Ripple’s massive fundraising plan to bold Bitcoin forecasts and political leaders backing digital assets, there’s a lot happening. Here’s a breakdown of the top stories shaping the future of crypto.
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**Ripple Labs Plans $1 Billion Treasury for XRP**
Ripple Labs is stepping up in a big way. The blockchain company is reportedly working on raising $1 billion to create a digital asset treasury focused on XRP. This huge fund will be raised through a special-purpose acquisition company (SPAC), and Ripple will also add some of its own XRP tokens to the pot. The goal? Build a strong financial base that can help support and grow the XRP ecosystem.
**Key terms:** Ripple Labs, XRP, crypto fundraising, digital asset treasury, SPAC
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**Bitcoin Will Beat Gold, Says Mexico’s Billionaire Ricardo Salinas**
Ricardo Salinas Pliego, one of Mexico’s wealthiest individuals, made a bold statement: he believes Bitcoin will eventually outperform gold. He predicts that Bitcoin could grow 14 times its current value and surpass gold’s massive $30 trillion market cap. Salinas has long been a crypto supporter and says Bitcoin’s long-term potential far outweighs traditional assets like gold.
**Key terms:** Bitcoin price prediction, Ricardo Salinas, gold vs Bitcoin, crypto investment
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**Tom Lee and Arthur Hayes Still Bullish on Bitcoin and Ethereum**
Despite market ups and downs, crypto veterans Tom Lee (BitMine Immersion Technologies) and Arthur Hayes (BitMEX co-founder) remain confident in Bitcoin and Ethereum. On a recent podcast, both reaffirmed their strong year-end targets for the top two cryptocurrencies. They pointed to rising demand and recent price highs as signs of long-term strength.
**Key terms:** Bitcoin forecast, Ethereum prediction, Tom Lee, Arthur Hayes, crypto market outlook
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**Peter Schiff Warns of a Crypto Crash**
On the other hand, gold advocate Peter Schiff is warning investors to be careful. He believes Bitcoin and Ethereum are on shaky ground. Schiff pointed out that Bitcoin has already dropped 34% against gold since August’s peak. He thinks this could signal a deeper crash coming soon.
**Key terms:** Peter Schiff, Bitcoin crash warning, Ethereum drop, crypto market risk
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**Trump and Farage Enter the Crypto Arena**
Politics is now part of the crypto game. Former U.S. President Donald Trump and UK politician Nigel Farage are both expressing strong support for digital currencies. Farage has proposed creating a government-owned Bitcoin reserve and wants to cut crypto taxes. He even suggests letting people pay taxes using digital assets. Trump, too, is signaling interest in making the U.S. a global leader in crypto innovation.
**Key terms:** Donald Trump crypto policy, Nigel Farage Bitcoin plan, crypto regulation, digital asset taxation
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**Bonus News: Trump Family’s Crypto Profits Reportedly Hit $1 Billion**
Adding fuel to the conversation, reports suggest the Trump family has earned around $1 billion from various crypto ventures. This highlights how deeply involved some high-profile figures are becoming in the space.
**Key terms:** Trump crypto earnings, family investments, billion-dollar profit
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**Crypto Market Snapshot**
– **Bitcoin (BTC):** $107,640 — steady with a slight increase
– **Ethereum (ETH):** $3,938 — showing upward movement
Stay tuned as these stories develop — it’s clear that the world of cryptocurrency continues to evolve quickly, with major players from tech, finance, and politics all getting involved.