Ripple CTO Addresses XRP Price Speculation, Samson Mow Explains How Government Can ‘Confiscate’ Your BTC, SHIB May Form Golden Cross in 10 Days: Crypto News Digest by U.Today

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As a seasoned crypto investor with a knack for deciphering market trends and regulatory nuances, I find myself intrigued by the recent developments in the cryptosphere.

U.Today presents the top three new stories over the past day.

XRP price prediction: Ripple CTO breaks silence on speculation

David Schwartz, Ripple’s Chief Technology Officer, has addressed speculations about the future value of XRP in a recent conversation on the X platform. In response to an X user asking if the true worth of XRP might be realized within a year or two, or by 2027, 2028, or 2030, Schwartz stated that he is unaware of any way to foretell the future prices of cryptocurrencies. The question was prompted by the regulator’s decision not to challenge XRP’s non-security status, which brought some regulatory clarity. However, Schwartz’s response implies that, despite this positive development for Ripple, when or if XRP will experience the expected price increase remains uncertain. At the time of writing, XRP is currently being traded at $0.52, representing a 1.48% decrease over the past 24 hours, according to CoinMarketCap.

Here’s how government can “confiscate” your Bitcoin: Samson Mow

In a recent X post, JAN3 CEO Samson Mow has commented on an interview with MicroStrategy founder Michael Saylor, who stated that he does not believe the U.S. government can confiscate Bitcoin. Saylor criticized those in the Bitcoin community who choose to hold their private keys instead of trusting custodians, comparing their concerns to the 1933 Executive Order 6102, which restricted private gold ownership. According to Saylor, back then, people willingly handed in their gold, and that fears about Bitcoin confiscation are unfounded, calling those who worry about it “paranoid crypto anarchists.” In response, Mow wrote that while the government might not need to physically confiscate Bitcoin, it could instead lock custodial BTC into approved custodians forever, which would result in diminishing of Bitcoin’s value and utility. He pointed out that the government has a strong interest in attacking Bitcoin, as its limited supply reduces the value of what it prints, requiring it to print more and at a faster pace.

Possible Shiba Inu (SHIB) golden cross in 10 days: Now or in 2025?

Based on recent analysis of blockchain activity, there’s a possibility that Shiba Inu might exhibit a ‘golden cross’ within the next hundred days. This technical pattern is generally seen as bullish in financial markets and could excite traders and investors. However, past trends show that this may not result in the significant price increase many anticipate. For instance, the last golden cross in December 2023 didn’t spark an immediate rise; instead, the meme coin experienced a lull afterwards. It’s important to manage expectations because while a golden cross is usually a positive sign, it doesn’t guarantee continuous growth, especially for meme coins like SHIB. The token has been on a downward trend over the past year, and its future price fluctuations might be influenced more by broader market trends and community enthusiasm than this technical indicator. If a golden cross does occur, it could hint at a potential long-term recovery, but it’s uncertain if this will happen before or after 2025.

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2024-10-23 17:56