U.Today is supported by its audience. When you buy through referral links, we may earn a commission.

Ripple’s XRP May Surpass Bitcoin (BTC) as Store of Value, Fintech Lawyer Says

News
Sun, 02/02/2020 - 12:58
Put your
crypto to
work
  • 1.30

    Interest per week

  • 67.5

    Interest per year

  • 3.60

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • A lawyer that deals with taxes and works in the fintech sphere believes that XRP can become a greater store of value than Bitcoin

Cover image via 123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. 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.

Contents

Arturo Portilla, a fintech lawyer from Mexico, is bullish on XRP to become a better store of value than Bitcoin. He has posted this thought on his Twitter page, stating that detractors are only beginning to realize this.

XRP Liquidity Index rises

In his post, Portilla has attached three recent charts of the XRP Liquidity Index rising in the MXN, PHP and USD corridors that work via the Bitso (Mexico), Coin.ph (the Philippines) and the BTC Markets (Australia) crypto exchanges.

XRP 1
Image via Twitter

However, many users in the comment thread disagree with the lawyer and suggest that the best use case for XRP in the future would be what it is now – a bridge currency. As for the best store of value, they believe this status suits Bitcoin best.

Curiously, the Ripple CEO Brad Garlinghouse said in one of his 2018 interviews that he also believes BTC to be a store of value and that he owns it. I own Bitcoin and I’m long Bitcoin, he stated back then.

Must Read
1 Bln XRP Unleashed from Escrow, Ripple Community Enraged - READ MORE

Bullish divergence on an XRP chart

Crypto trader Scott Melker shares with the community that he has found a bullish divergence on a daily XRP chart. He states that if XRP closes above the descending line on the chart, this would be a bullish sign for the third largest coin.

XRP 2
Image via Twitter

At press-time, XRP is sitting at $0.2560, showing a 7.29-percent rise, as per CoinMarketCap.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

Recommended articles
Bitcoin (BTC) Scammers Impersonate Bill Gates and Endanger Almost 30K YouTubers

Bitcoin (BTC) Scammers Impersonate Bill Gates and Endanger Almost 30K YouTubers

Bitcoin (BTC) Price Has Very Low Chance of Hitting New All-Time High This Year

Bitcoin (BTC) Price Has Very Low Chance of Hitting New All-Time High This Year

Bitcoin (BTC) Price to Peak in 2026 at $150,000: Trader

Bitcoin (BTC) Price to Peak in 2026 at $150,000: Trader

Bitcoin (BTC) Scammers Impersonate Bill Gates and Endanger Almost 30K YouTubers

News
Sun, 03/29/2020 - 19:38
Put your
crypto to
work
  • 1.30

    Interest per week

  • 67.5

    Interest per year

  • 3.60

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • Bitcoin (BTC) scammers know no quarantines or self-isolation. Dozens of fraudulent airdrops falsely endorsed by Bill Gates ask YouTubers to send in their Bitcoins.

Cover image via stock.adobe.com
Contents

Typically, fake YouTube airdrops are quite similar to each other. With the current pandemic enraging across the planet, a series of scams that impersonate Bill Gates have some distinct features.

With Bitcoin (BTC) Price Drop, Scammers are Getting Greedy

Just like in several other previous cases, the fraudsters launch fake 'live streams' on YouTube, asking users to send in their Bitcoins (BTC) in order to get redouble the initial amount.  An 'entry ticket' into to this scam starts at 0.1 BTC which is more than $650. With previous scams, it was much cheaper.

Fake YouTube Bitcoin (BTC) airdrop
Image via YouTube

The scammers also publish the URLs of this campaign, which are linked to suspicious websites. Unlike previous cases, fraudsters launch multiple live streams simultaneously. At press time of this article, at least two of them were active.

Multiple scam streams on YouTube
Image by YouTube

According to statistics, the average popularity of one live stream is about 30,000 viewers.

Very Bad Idea

Alongside that, launching fake airdrops on behalf of Microsoft's Bill Gates isn't a slam dunk for the fraudsters. It may seem ironic, but Mr. Gates is a prominent critic of cryptocurrencies, particularly of Bitcoin (BTC). He is sure that digital assets represent a kind of a ‘greater fool theory’ type of investment.

Must Read
Bitcoin Price Prediction [Updated]: Bill Gates and Joe Davis Say It’ll Be $0. How Is That Possible? - READ MORE

Cryptocurrencies kill, added Mr. Gates. To him, its only use-case besides short-term speculations is illegal funding for drug trafficking:

Right now cryptocurrencies are used for buying fentanyl and other drugs, so it is a rare technology that has caused deaths in a fairly direct way.

The U.Today team will one more time state that no airdrop will be conducted without the notification from an official website of a product or token. Any YouTube, Medium, and/or Telegram announcements may shill scammers. Never send your money to unknown persons.

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Recommended articles
Bitcoin (BTC) Scammers Impersonate Bill Gates and Endanger Almost 30K YouTubers

Bitcoin (BTC) Scammers Impersonate Bill Gates and Endanger Almost 30K YouTubers

Bitcoin (BTC) Price Has Very Low Chance of Hitting New All-Time High This Year

Bitcoin (BTC) Price Has Very Low Chance of Hitting New All-Time High This Year

Bitcoin (BTC) Price to Peak in 2026 at $150,000: Trader

Bitcoin (BTC) Price to Peak in 2026 at $150,000: Trader