en.bitcoinsistemi.com
While Bitcoin (BTC) and $XRP have attracted attention with their recent rise, the interest of investors is also increasing.
At this point, Worksport, a company that produces covers for pickup trucks listed on Nasdaq, announced that it will allocate 10% of its cash reserves to Bitcoin and $XRP.
Worksport (WKSP) plans to allocate up to 10% of its cash reserves to Bitcoin and $XRP, Coindesk reported.
While many companies have announced plans to invest some of their cash reserves in Bitcoin since the election of Donald Trump, Worksport's announcement that it will invest in $XRP alongside Bitcoin is a different story.
Worksport CEO Steven Rossi emphasized Bitcoin’s role in inflation protection and transaction efficiency, while also drawing attention to $XRP’s potential as a stable and valuable asset.
Rossi also noted that he has been personally investing in $XRP for several years, saying:
“I think $XRP is becoming a much more stable currency and asset.
Although I think $XRP will be volatile like most assets in the short term, we believe that investing in $XRP will benefit us in the long run.
I was pleasantly surprised to see my $XRP in my wallet and that $XRP has been performing quite well lately.
This rally reaffirms that $XRP, Bitcoin and cryptocurrencies are early-stage assets that truly challenge central banking.”
*This is not investment advice.