
A billionaire investor recently gave his insights into XRP and why crypto will remain relevant in the future despite the presence of more popular digital assets. American businessman Mike Novogratz highlighted in a podcast that XRP owes its resilience to its community, which helped the crypto sustain its value over the years. Related Reading: Solana Faces Double Trouble: 55% Network Drop And Price Woes Resilience Of XRP Novogratz was previously skeptical of the lasting power of XRP but in recent years, the American entrepreneur backtracked from his initial skepticism on crypto. The billionaire investor could be the latest addition to those who have changed their opinion on XRP after seeing the crypto remain strong. In a Galaxy Brains podcast, Novogratz acknowledged the resilience of XRP, recognizing the crucial role played by its community to keep the value of the crypt asset. The American businessman explained that XRP began when the crypto ecosystem had not witnessed an oversupply of altcoins, adding that this condition allowed the crypto to build an actual community. He added that the crypto community that XRP successfully built is the primary reason why the digital asset was able to sustain its relevance. Decline Of Ethereum Novogratz mentioned the resiliency of XRP after being asked about the declining performance of Ethereum against Bitcoin. During the podcast, Novogratz was asked for his opinion on when the ETH-to-BTC ratio would be reversed, noting that Ethereum has already dropped significantly against Bitcoin since the merge. The American entrepreneur explained that compared to BTC, Ethereum is a more complex proposition as a global decentralized trust layer, adding that ETH has encountered challenges because of the increase in competition and an oversupply of altcoins in the market. “One of the reasons I think the prices of all these alts are going down is, there are too many of them. There is an infinite amount of token supply coming up and there is not enough time for those narratives to build community,” Novogratz pointed out. Community Engagement Crucial Novogratz was skeptical of the lasting power of XRP but later conceded his belief, saying that he underestimated the XRP Army and the proponents of the XRP community. The billionaire entrepreneur said that XRP has remained relevant due to the crypto’s passionate user base, who have actively defended and promoted the digital asset over the years. He noted that one of the essential aspects of cryptocurrency valuations is community engagement, which has played a big role in the asset valuations of XRP and Bitcoin. Related Reading: Panic Or Opportunity? Dogecoin Whales Liquidate 100 Million Coins The American businessman admitted that he was surprised that XRP emerged as one of the best-performing tokens in late 2024, acknowledging that it was fueled by the strength of its community. Featured image from MoneyCheck, chart from TradingView
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Here’s How to Navigate the Yen Carry Trade in 2025 as Japan Faces Economic Shift: Bybit

The leading crypto derivatives trading platform, Bybit, has outlined potential challenges awaiting the Japanese yen carry trade in 2025 as the Bank of Japan (BoJ) implements policy changes and faces evolving economic conditions. According to the report , the yen’s status as a primary funding currency in the foreign exchange (FX) market could be questioned in the coming months. The evolving Japanese financial landscape could see an increased risk of rapid unwinding in yen carry trades, raising the need for alternative funding currencies and a diversification of currency exposure for traders. Effectiveness of the Yen Carry Trade Over the last three decades, the BoJ has maintained ultra-loose monetary policies, sustaining a zero or negative interest rate environment to fight inflation and stimulate economic growth. As a result, the yen carry trade has been a fundamental strategy for traders in global FX markets. Carry trade is a strategy where FX traders take advantage of differences in interest rates between currencies. This popular investment strategy entails borrowing money in currencies with low interest rates and investing in stocks and bonds based on other currencies with higher interest rates. Due to the yen’s low interest rates, it has remained an attractive funding currency over the years. Bybit noted that the effectiveness of the yen carry trade has been closely linked to global economic conditions like the U.S. Federal Reserve’s aggressive rate hikes. However, this carry trade has also been vulnerable to periods of financial stress and is becoming increasingly reliant on stable currency conditions. This year, macroeconomic factors reshaping Japan’s economy are driving a significant transformation in the landscape for the yen trade. These factors include rising inflation, wage growth, and speculation about changes in the BoJ’s monetary policies. Adaptability and Diversification Before now, Japan has struggled with deflation and stagnant wage growth; however, recent years have seen inflation consistently surpass the BoJ’s long-standing 2% target. Since the BoJ has historically maintained ultra-loose policies, growing inflationary pressures may cause the central bank to hike interest rates. The implications of such decisions could cause a ripple effect in global FX dynamics, altering the yen’s appeal for carry trades. While the yen may continue to serve as the preferred currency for carry trades, the BoJ’s actions could gradually reduce its dominance. Bybit said FX traders could explore other high-yielding currencies like the Mexican peso (MXN), South African rand (ZAR), and Turkish lira (TRY) as alternatives to the yen; however, each currency comes with risks. “Ultimately, the key to navigating the evolving carry trade landscape in 2025 lies in adaptability,” Bybit noted, adding that traders need dynamic risk management strategies and diversification to remain afloat. The post Here’s How to Navigate the Yen Carry Trade in 2025 as Japan Faces Economic Shift: Bybit appeared first on CryptoPotato . NewsBTC

Massive Crypto Hack Shakes Bybit’s Stability: What You Need to Know
A historic crypto hack involving Bybit resulted in a loss exceeding $1.4 billion. Lazarus, a North Korean hacking group, uses social engineering to attack crypto projects. Continue Reading: Massive Crypto Hack Shakes Bybit’s Stability: What You Need to Know The post Massive Crypto Hack Shakes Bybit’s Stability: What You Need to Know appeared first on COINTURK NEWS . NewsBTC