Binance U.S. CEO: Bitcoin Has Become More Popular in Safety Investment, While XRP Focuses on Instant Settlements

Abstract : Binance U.S. CEO Catherine Coley attended CNBC's Power Lunch on Wednesday to discuss the current status of Bitcoin and altcoin markets. She emphasizes the potential differences between Bitcoin and XRP is the use case.

ChainDD
ChainDD

Feb 21

According to The Daily Hold news, Binance U.S. CEO Catherine Coley attended CNBC's Power Lunch on Wednesday to discuss the current status of Bitcoin and altcoin markets.

Considering the huge differences between BTC, ETH, XRP and LTC price action, the year-to-date gains are 30%, 99%, 42% and 65%. Coley emphasizes the potential differences between Bitcoin and XRP is the different use case. “We can’t necessarily paint with a broad stroke why Bitcoin would be rallying and why XRP would be rallying in the same case. You’re going to see a divergence between certain coins, but also an overall all-tides-rise effort when we see an activity towards Bitcoin and the rest of the digital asset market…

You’ve got a store of value component with Bitcoin where people are seeing this as almost a flight to safety or a flight for sovereignty for their sake. So when geopolitical situations become concerning, you’re going to want to be able to hold your own assets and access those at any time 24/7. That’s going to be a different case and scenario for something like XRP which is really going to be useful for cross-border transactions, instantaneous settlements and moving funds across borders.”

Share to:
Related News

Share to WeChat