XRP Market Reshuffle! A Statement from Musk Ignites the Craze!?
Elon Musk, CEO of Tesla and SpaceX, recently discussed cryptocurrency, including XRP, at a town hall meeting in Pittsburgh, Pennsylvania.
He stated that cryptocurrency helps promote personal freedom and combat centralized control, calling it an 'interesting and potentially valuable fortress.'
When asked if the XRP Ledger would be adopted by financial institutions, Musk said he did not want to discuss any specific cryptocurrency, emphasizing that this does not represent his endorsement or non-endorsement of XRP.
He pointed out that cryptocurrency could be a 'fortress' against centralized control.
Musk also criticized the U.S. Securities and Exchange Commission (SEC), calling it a 'dirty political job agency.'
This comment received support from Ripple CEO Brad Garlinghouse and Chief Technology Officer David Schwartz.
These remarks sparked an enthusiastic reaction from XRP holders, with some speculating whether Musk plans to collaborate with XRP and Ripple Labs, and even rumors that Musk may want to spend $25 billion to buy Ripple Labs.
While these comments and rumors excite XRP holders, there remains uncertainty in the cryptocurrency market, and investors should proceed with caution and conduct thorough research before making decisions.
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