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New statements came from Bitwise CIO Matt Hougan, who stands out with his strong predictions about Bitcoin ($BTC) and the cryptocurrency market.
This time he talked about one of the largest altcoins, Ripple – $XRP.
On this point, Matt Hougan recently praised $XRP and emphasized the strength of its community.
Hougan stated that he believes $XRP’s success can primarily be attributed to the strength of the community behind it.
According to Hougan, who stated that he gave a keynote speech at the $XRP Las Vegas event from his X account, the conference venue was filled with 1,000 people at 1:00 pm ET on Saturday.
That number was impressive, according to Hougan, as early Saturday afternoon events tend to draw fewer people, but the $XRP community showed its strength and filled the venue.
The Bitwise CIO was asked about the key takeaways from the conference, to which Hougan responded by comparing Bitcoin and $XRP.
At this point, the Bitwise CIO stated that the $XRP community is increasingly accepting that Bitcoin and $XRP are not direct competitors, and that both $XRP and Bitcoin serve different markets.
“I think the $XRP world has embraced the idea that $BTC and $XRP serve different markets and that $BTC’s development will not disrupt $XRP’s goals.
But mostly, it's just the power of the community. That's a huge piece of success in crypto, and the community in $XRP is strong.”
Bitwise CIO previously predicted that if $XRP manages to gain a significant foothold in sectors like payments and tokenization, its price could rise to around $30 after a decade.
*This is not investment advice.