Will XRP Skyrocket With Warsh Heading the Fed? Gemini Outlines Ripple’s Path Forward
After more than eight years at the helm of America’s central bank, Jerome Powell’s term ended on Friday, and he was replaced by the seventeenth Federal Reserve Chair, Kevin Warsh. Given US President Trump’s growing public issues with Powell for refusing to lower the key interest rates, the POTUS’s new pick is expected to have a more open-minded approach to the institution’s monetary policy.
He has also expressed support for BTC in the past, which has some altcoin fans questioning whether it extends to other crypto assets. As such, we decided to ask one of the most popular AI models whether XRP, the third-largest non-stablecoin altcoin, could benefit as well. ” His pre-office disclosures revealed investments across the DeFi space, Layer-1 blockchains, and digital asset exchanges, which shows an appetite for cryptocurrency utility beyond just store-of-value propositions.
” Ripple has positioned the XRP Ledger to act as a neutral bridge asset for various CBDCs, which could benefit the underlying asset. “A Fed Chair who is actively exploring the integration of digital, blockchain-based money into the traditional financial system provides a massive structural tailwind for Ripple’s core business model,” concluded Gemini for its bull case.
But There’s More However, it’s not all promising and bullish predictions. The AI warned that Warsh has repeatedly noted that the explosion of alternative digital assets is largely a byproduct of loose monetary policy. XRP, similar to most altcoins, relies heavily on broad market liquidity.
Gemini believes capital is likely to become more expensive in the US as Warsh would want to reduce the Fed’s footprint in financial markets. In such tight liquidity environments, investors typically “flee from altcoins toward safer assets or bitcoin,” added Gemini. ” The post Will XRP Skyrocket With Warsh Heading the Fed?
Gemini Outlines Ripple’s Path Forward appeared first on CryptoPotato .
