Bitwise CIO, Metaplanet President And More Reject Bear Market Talk

Ryan Rasmussen, Head of Research at Bitwise, reiterated the firm's prediction that Bitcoin will reach $200,000 by 2026 during a Yahoo Finance appearance. He characterized the current market sell-off as a necessary shakeout in a maturing market rather than a definitive trend break. Rasmussen believes Bitcoin is closer to its bottom and expects it to lead the market upward once conditions improve.

The XRP price has become a focal point in the cryptocurrency market as it continues to gain traction through ecosystem growth and market interest. Despite this momentum, XRP's valuation remains significantly lower than Bitcoin's, which currently has a market capitalization of approximately $1.84 trillion. This disparity raises the question of how high XRP's price would need to rise to surpass Bitcoin.

Tokyo-listed Metaplanet plans to issue Class B perpetual shares worth $135 million to expand its Bitcoin reserves. This strategic move reflects the company's commitment to increasing its digital asset holdings amidst a growing trend in the cryptocurrency market.

The XRP ETF launched by Bitwise has commenced trading on the NYSE, accompanied by an initial fee waiver. This development is expected to enhance the mainstream adoption of digital assets and could significantly influence global financial systems.

Bitwise's XRP exchange-traded fund (ETF) has officially launched on the New York Stock Exchange (NYSE) today, marking a significant step in the integration of cryptocurrencies into mainstream finance. This launch is expected to attract institutional investors and enhance market participation in the cryptocurrency sector.

Metaplanet is set to raise $135 million through the issuance of new Class B perpetual preferred shares. This move is part of a broader restructuring strategy aimed at enhancing its Bitcoin treasury holdings.

Metaplanet is planning to raise $135 million through the issuance of new Class B perpetual preferred shares. This initiative is part of a broader restructuring strategy aimed at enhancing its Bitcoin treasury holdings.

Metaplanet has announced a new capital structure backed by Bitcoin, featuring a $150 million perpetual preferred offering. This innovative financial strategy aims to enhance the company's investment capabilities and leverage the growing interest in cryptocurrency markets.