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Bitcoin would be rallying and why XRP would be rallying in the same case

Binance US CEO Catherine Coley, attended CNBC’s Power lunch to discuss the current state of Bitcoin (BTC) and the broader altcoin markets. Because of FOMO related to Bitcoin halving 2020, the Bitcoin price has been raised to the highest level since October 2019, breaking the $ 10,000 mark after starting the year at around $ 7,245. While investors were heading towards a return to Bitcoin’s all-time high of $ 20,000 in December 2017, Bitcoin’s 11-year price action is still marked by a series of highs and lows.

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Catherine Coley, Binance US CEO 

The state of Bitcoin (BTC) and the greater Altcoin markets

Looking at the vast discrepancies between the price action of Bitcoin, Ethereum, XRP, and Litecoin, with cryptocurrencies showing increases of 30%, 99%, 42%, and 65%, respectively, Coley said use cases. for each different property:

“We don’t necessarily have to draw in a broad sense why Bitcoin will increase and why XRP will increase in the same case. You will see the difference between certain currencies, but also a growth effort. Comprehensive when we see activity against Bitcoin and the rest of the cryptocurrency market.”

She added:

“You already have a value component store with Bitcoin, where people are viewing this as almost a safe flight or a sovereign flight for their benefit. So when the geographic situation politics becomes relevant, you will want to be able to keep your assets and access them anytime 24/7. That would be another case and scenario for something like XRP, which is useful for cross-border transactions, instant payments, and cross-border money transfers.”

Later, Coley also pointed out financial inclusion as an essential selling point for cryptocurrencies.

“Financial inclusion is an excellent asset for digital assets to move forward. The idea of ​​equalizing access you can get through platforms like Binance US and other platforms allows people to transact and access these markets 24/7 from their phones, and it’s straightforward – education transforms into a real trading situation. We see that education – the steps taken And that is what I think we will see continue this year.”

Besides, Coley said some headlines in early 2020 show that US regulators are becoming increasingly comfortable with the technology.

She shared:

“You saw Grayscale get that clearance from the regulators. You also saw SEC commissioner Hester Peirce making his proposal of increased regulation around allowing new activities to take place. with a three-year benchmark type.”

Seeing these changes is essential – to see evolution taking place and see America taking the lead in that responsibility.

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